When prices rise faster, we miss the point if we simply say that inflation is higher. Reading @BIS_org between the lines it would be better to say that as rate of price increases increases, "inflation happens", or we enter an inflationary state.
adamtooze.substack.com/p/chartbook-13… https://t.co/RIkPBOzLRi
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…