Feb
25
Inflation: It’s Getting Crazy
Why is it that by the time price inflation comes around, everyone seems to forget about the money question? It doesn’t matter that the monetarists once seem to dominate the day with the quantity theory or that the Austrians have been talking about this issue for 100 years. When it comes to the reality, casual observers hardly ever mention money and monetary policy. So far, we are being told that it is mother nature at work plus consumer greed. I suppose next we’ll be hearing about producer gouging.
CPI下落が続くときは「金利下げろ」「ベースマネーを増やせ」という論調が増えるのに、現実に物価が上昇してくると「自然災害」「実需によるもの」という声が湧きでてきて、金融引き締め論は誰も語ろうとしないよね、というMisesの指摘。
(via swmemo)
