tag:blogger.com,1999:blog-6245381193993153721.post7222413735465642687..comments2024-03-17T00:23:24.896-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Austrians and the Definition of “Inflation”Lord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6245381193993153721.post-51040749971837787652013-08-08T15:23:55.044-07:002013-08-08T15:23:55.044-07:00If inflation were to mean nothing more than an inc...If inflation were to mean nothing more than an increase in money supply without a necessarily accompanying increase in price level, then why would anyone give a damn? Why is the quantity of currency in circulation of more importance than purchasing power per unit of labor?Anonymoushttps://www.blogger.com/profile/11018306000410021518noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-44781634796085905332013-08-08T10:11:00.639-07:002013-08-08T10:11:00.639-07:00If they insist on using the money supply they shou...If they insist on using the money supply they should at least divide by the goods supply. What they will then get is the good ole GDP deflator.PeterPhttps://www.blogger.com/profile/02032621777697914182noreply@blogger.com