Confusing the price level and the inflation rate

Isn't it annoying when the price level and the rate of inflation are confused? Or when bringing down the inflation rate is confused with reducing the price level? See my recent (Feb. 20, 2023) letter in the FT: https://www.ft.com/content/e7fff27b-0c10-47a7-b9a0-d6470b80c68c. (Subscription may be needed.)

No comments:

Post a Comment

The FOMC's new policy strategy statement is an improvement, but also a missed opportunity.

 On Aug. 22, 2025, the Fed released its new Statement on Longer-Run Goals and Monetary Strategy . The first such statement was issued in 201...