The real meaning of inflation

The real meaning of inflation

The real meaning of inflation A distinctive feature of the economists of the so-called “Austrian School of Economics” is that they advocate a theory of money considerably different from that of their colleagues in other schools of economic thought. The differences...
Monetary Policy and Environmental Progress

Monetary Policy and Environmental Progress

Monetary Policy and Environmental Progress Why Bad Money Drives Up Pollution Many people are growing concerned about pollution and its growing effects on our environment and quality of life. So much so it seems, that politicians are now taking nuclear power much more...
What the Monetary Authorities Should Do

What the Monetary Authorities Should Do

What the Monetary Authorities Should Do With CPI hitting a 40 year high of 9.1%, the Bank of England has responded by raising interest rates to 1.25%; up by 0.25 from the previous period. This, alongside ex chancellor and PM hopeful Rishi Sunak planning to ‘tackle...
Fuel shortages are different to inflation

Fuel shortages are different to inflation

Fuel shortages are different to inflation Inflation is here, but there’s also a shortage game in town. In almost all mainstream economics textbooks, when the subject of inflation is reached, the standard definition is that inflation is a general increase in the price...
The European Central Bank Is Trapped Like the Fed

The European Central Bank Is Trapped Like the Fed

The European Central Bank Is Trapped Like the Fed Like the FED, the ECB does not have much room to raise interest rates without causing major complications in the financial market and the economy. The eurozone’s annual price inflation rate hit 5 percent in December...