So Tomato Soup Ought To Be The CPI

So we don’t fail the Austrians,

The blog Social Democracy for the 21st Century has a fascinating post about Austrian patron saint Ludwig von Mises in the Great Depression, and his attempts to make sense of what was happening. It’s a revealing story, because it bears so much resemblance to current right-wing flailing – and also highlights the lessons Keynes tried to teach but so few, economists included, have been willing to learn.

So, I’ve solved inflation, the rest of you can do the rest.

Updated to rat out my sources.

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