Sergio Rossi
Abstract
It is a popular notion that money and output are separate and autonomous entities. Money and Inflation argues that this idea can neither explain the purchasing power of money nor its variations over time, and a new theory is therefore presented in its place.
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It is a popular notion that money and output are separate and autonomous entities. Money and Inflation argues that this idea can neither explain the purchasing power of money nor its variations over time, and a new theory is therefore presented in its place.
Key concepts: Inflation (cosmology), Economics, Purchasing power, Monetary economics, Keynesian economics, Fiat money, Endogenous money, Money creation