Wednesday, September 11, 2013

More interesting posts on 70's inflation

Ryan Avent at the Economist responds, and adds some interesting comments on how a sort of "rising tide" effect causes inflation in developing economies.

http://www.economist.com/blogs/freeexchange/2013/09/generations

And Karl Smith talks about the difficulty of objective analysis:

http://www.forbes.com/sites/modeledbehavior/2013/09/11/economic-history-a-benchmark-revision/

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