Taro's Blog on Modern Political Economy
It's impossible to understand inflation without having a better understanding of economic growth. Alex Gheg has a new consumer theory that gives us a scale for growth that measures previously hidden thoughts. We can measure utility growth using the body clock. Quantity, quality, variety and convenience in one equation. http://www.youtube.com/watch?v=u6tFLGpcOpE
Mrllir, thanks for your comment. You are right, but in theory, inflation should be considered separately from economic growth. Barro of Harvard Univ. talks of the inflation cost imposed on econ growth, but it is still an open question.
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