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Inflation is not just a monetary phenomenon.
"Deflation is not a monetary phenomenon," the Bank of Japan official retorted pre-emptively on Tuesday.
Milton Friedman reminded us that ultimately inflation is a monetary phenomenon.
INFLATION, like demand itself, is always and everywhere a monetary phenomenon.
Ultimately, inflation is a monetary phenomenon, so responsibility lies with central bankers.
(After all, the great economist told us, "Inflation is always and everywhere a monetary phenomenon").
Similar(26)
But Reese Witherspoon, who is receiving a reported twenty-nine million dollars to appear in a thriller, may be no more than a temporary monetary phenomenon, and no one is going to pay Chris Tucker the twenty-five million he got for "Rush Hour 3" if he stops rushing.
But the magazines and the media promoters aiding this new monetary phenomenon may be doing more than their share of harm.
"It now appears that we have learned that deflation as well as inflation are in the long run monetary phenomena," Mr. Greenspan said.
That growing risk is due to the surprising and disconcerting re-emergence of monetary phenomena that haven't really been seen since the gold standard of the 1930s.It is easy enough to see how the gold standard as practiced between the first and second world wars got the global economy into serious trouble.
Inflation is always and everywhere a social phenomenon, not a monetary one.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com