Economics is far more than what people see as “the economy.” It is the central organizing factor for civilized society.

Economics is far more than what people see as “the economy.” It is the central organizing factor for civilized society.

Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better, as they realize that the effects of inflating the money supply are anything but neutral.

Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better, as they realize that the effects of inflating the money supply are anything but neutral.