Jonathan Newman, Associate Professor of Economics and Mises Fellow joins me to chat:

Contrasting definitions of inflation
How did Mises define inflation?
How did Rothbard define inflation? 
Where and how does fractional reserve come into it? 
Cantillon effect and the Mises effect
Costless production of money

Links:

Paper: What Is Inflation? Clarifying and Justifying Rothbard’s Definition 
Twitter: @NewmanJ_R 
Twitter: @KrisMoustHansen 

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