Bitcoin and the U.S. Fiscal Reckoning with Avik Roy (WiM126)
The "What is Money?" Show
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Is There a Stability in the Existing State Interstructure?
Inflation, defined as the c p i, tha mer price index, is not always and everywhere a monetary phenomenon. The fact that we can buy bananas from a mexico and teashirs from bandesh, that drives deflation alongside the consumer price inflation from from printing money. And soa milton freedman was writinga tha, coining that phrase, at a time when those things weren't true, right? Werty: Peopleget perhaps, in the policy making position, not considering how these systemic issues take a really long time to play out. We should have even a more dubbish and expansionary monetary policy than we do now.
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