The Fallacy of “Measuring” Inflation

from Audio Mises Wire Hosted by Patrick Carroll

While we often speak of measurements of inflation (such as "inflation went up by three percent"), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative. Original article: https://mises.org/mises-wire/fallacy-measuring-inflation

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This episode was published on July 9, 2025.

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