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Inflation: Looking Beyond Aggregates
mises.org/mises-wire/inflation-looking-beyond-aggregates
The conventional definition of inflation—as a sustained rise in the general price level, tracked through metrics like the Consumer Price Index—dominates economic discourse, reducing human behavior to statistical trends. Neoclassical and Keynesian models emphasize macroeconomic…
This story appeared on mises.org, 2025-05-07 11:03:08.