The Importance of Inflation in Economics

Jonathan, welcome to the show. I had a look at your paper that you wrote along with Christopher. And I thought it was an interesting one about inflation. Of course, there are big, big debates all around the world,. not just in Austrian circles, but in the broader world how should we think about it. So why did you write this paper? We try to settle on a really good definition of inflation that's suitable for doing economics.