Saturday, January 4, 2014

Art Laffer: "I Was Wrong About Inflation." No Kidding!

Arthur Laffer said that: "Usually when you find the model this far off, you've probably got something wrong with the model, not that the world has changed... inflation does not appear to be monetary base driven." For the whole story go here.

PS: For an heterodox analysis of money and inflation, see here.
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