Post
Topic
Board Economics
Re: Behold: one of the largest Ponzi schemes of all times
by
Prze_koles
on 15/01/2012, 13:28:32 UTC
Ending [Krugman] here. First start with your definition of 'inflation'. In my perspective, that would be the increase of the money supply (in the broad sense).
And how would you measure it?

I guess I am condemned to believe the official data from Central Banks.

Yes, but they're not providing data about inflation by your definition. They're just measuring price changes of various goods. I was asking, how would you measure increase of the money supply.