Inflation has further pernicious consequences: It distorts business calculation and accountability, as the profit and loss statement of an enterprise does not reflect reality any more.
Mostrando entradas con la etiqueta inflationary process. Mostrar todas las entradas
Mostrando entradas con la etiqueta inflationary process. Mostrar todas las entradas
Inflation has further pernicious consequences: It distorts business calculation and accountability, as the profit and loss statement of an enterprise does not reflect reality any more.
Publicado por
Alejandro Zamorano Escriche
en
5:00
Etiquetas:
Austrian School of Economics and Monetary Theory,
business cycle,
economic effects of inflation,
effects of inflation,
inflation,
inflation and profits,
inflation tax,
inflationary process
Price changes of goods and services may arise due to variations in their supply and demand or due to changes in the purchasing power of money. The former case was to be called by Mises 1 “good-induced-changes” and the latter case “cash-induced-changes”.
Publicado por
Alejandro Zamorano Escriche
en
4:27
Etiquetas:
Austrian School of Economics and Monetary Theory,
economic effects of inflation,
effects of inflation,
inflation,
inflationary process,
printing money,
wealth redistribution effects of inflation
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