
Ep. 2016 The Truth About Inflation
The Tom Woods Show
00:00
Price Inflation Is Just Prices Going Up
Inflation was defined as an increase in the money supply. But now inflation is just prices going up. Who knows what could cause this? Prices are going up. So i specify price inflation because you've had inflation, the increase of the money supply, for quite some time. Price inflation specifically refers to what happens to prices, as opposed towhat happens to the money supply,. but they're connected, a connection between the two. They all basically are products of the same fallacy that you see in the simple cost push variant.
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