SLP395 John Tamny - Inflation & Optimism
Stephan Livera Podcast
00:00
What's the Useful Way to Think of Inflation?
i think the conversation now is very much about inflation. And so we should chat a little bit about that, i think it's important to understand different definitions and narratives. I think the only way to define inflation is as a departure from a standard of value for a currency. You'd be hard pressed to find an economist who understands the truth at this point. When prices are falling, we have more dollars for other things. So inflation is a currency to valuation.
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