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42 sats \ 2 replies \ @Rothbardian_fanatic 27 Jan \ parent \ on: Should Inflation Be Defined Only as Price Increases? econ
When I say it, I usually say, “Inflation in the money supply.” Then, I leave it at that because inflation is only and always inflation in the supply of money. Rising prices in terms of dollars is just that rising prices in terms of dollars.
My big complaint is that people are always looking at things through the wrong end of the binoculars. If they turned them around they would see what is happening. They do not want to admit that an orange is an orange is an orange no matter what you pay in terms of dollars for it. The orange never changes, the changes are in the supply of money.
people are always looking at things through the wrong end of the binoculars
I agree. That's really the core issue, whatever terminology we use for printing money and price changes.
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It is also the whole reason that the progressive/lefty/Marxist/socialist/communist/murderers hijack the language to bend it to their meanings. This really reminds me of what Eric Blair warned us about language manipulation. They are channeling our thoughts because the language has been altered, which in turn, alters our perceptions. Bernays also did this and his disciples are continuing at it on the internet, though pathways like Google, Facebook and etc.
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