The "What is Money?" Show cover image

"Money: Free and Unfree" with George Selgin (WiM209)

The "What is Money?" Show

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The Average Person Is Suffering a Great Deal

Inflationary process can disguise what would otherwise have been price deflation, rightyes, i'm true. But don't forget that when you have an inflationary process, so that prices that might otherwise have been falling don't, and may even be rising. So it's not so simple to say that if prices are rising more quickly, we're all being robbed that much more. Both things are happening at the same time, and the more rapid one is d the more rapid the other one is.

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