Inflation: Everywhere and Always Differential

Inflation: Everywhere and Always Differential
Fix, Blair. (2022). Economics From the Top Down. 15 December. pp. 1-17. (Article - Magazine; English).

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Alternative Locations

https://economicsfromthetopdown.com/2022/12/15/inflation-everywhere-and-always-differential/

Abstract or Brief Description

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.

Language

English

Publication Type

Article - Magazine

Commentary on

The Truth About Inflation
Fix, Blair. (2021). Economics from the Top Down. 24 November. (Article - Magazine; English).

Keywords

capital as power income distribution inflation

Subject

BN Power
BN Region - North America
BN Agency
BN Value & Price
BN Business Enterprise
BN Capital & Accumulation
BN Crisis
BN Distribution

Depositing User

Jonathan Nitzan

Date Deposited

15 Dec 2022 21:00

Last Modified

15 Dec 2022 21:00

URL:

https://bnarchives.yorku.ca/id/eprint/753

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