2min chapter

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The Rise And Fall Of Monetary Policy - Ian Macfarlane

The Joe Walker Podcast

CHAPTER

The Importance of Inflation

Inflation is the rate of increase in prices, measured by surveys. The consumer price index (CPI) is one of the more reliable economic statistics. It's difficult to take into account quality changes when you measure the price. But I don't think there are big issues with how inflation can be measured.

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