In this week's episode, Mark compares two definitions of inflation and what this means for policy-makers and the productive population in 2024. The mainstream view creates nothing but confusion and smokescreens, while the Austrian definition shows that the true definition shows a much higher level of economic pain and uncertainty and more economic problems to come in 2024.
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Mark Thornton is Senior Fellow at the Mises Institute. He serves as the Book Review Editor of the Quarterly Journal of Austrian Economics. His publications include The Economics of Prohibition (1991), Tariffs, Blockades, and Inflation: The Economics of the Civil War (2004), The Quotable Mises (2005), The Bastiat Collection (2007), An Essay on Economic Theory (2010), The Bastiat Reader (2014), and The Skyscraper Curse and How Austrian Economists Predicted Every Major Crisis of the Last Century (2018).
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