Inflation: Everywhere and Always Differential

Blair Fix

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: In November 2021, I wrote a post called ‘The Truth About Inflation’. At the time, inflation fears were heating up. And as usual, mainstream economists were missing the bus. Sure, economists pointed to the consumer price index and said, “Look, it’s going up!” But they didn’t look under the hood of this index to see the big picture. Despite what economists proclaim, inflation is not a uniform increase in prices. It is an instability in the whole price system. It’s now been a year since that post was published, so I thought I’d update the analysis. While much has changed in the global political landscape, the underlying picture of inflation remains the same: it is everywhere and always differential.

Keywords: capital as power; income distribution; inflation (search for similar items in EconPapers)
JEL-codes: D3 E31 P1 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-hme and nep-mon
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Citations: View citations in EconPapers (1)

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