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Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion
Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.
Original Article: Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion
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By Mises Institute
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Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.
Original Article: Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion
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