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The economic function of inflation is to lower the real value of wealth assets sufficiently to pay for the Government's excess spending monetized by the Federal Reserve
Smith, Vernon L. - In: The independent review : journal of political economy 29 (2024) 1, pp. 147-150
Persistent link: https://www.econbiz.de/10014631392
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Adam Smith, sociality, and classical liberalism
Smith, Vernon L. - In: The independent review : journal of political economy 28 (2023) 1, pp. 117-122
Persistent link: https://www.econbiz.de/10014382213
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Economic modeling : why the standard model survives bad performance
Gjerstad, Steven; Smith, Vernon L. - In: The independent review : journal of political economy 20 (2016) 4, pp. 627-631
Persistent link: https://www.econbiz.de/10011695008
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Classical economics : lost and found
Inoua, Sabiou M.; Smith, Vernon L. - In: The independent review : journal of political economy 25 (2020) 1, pp. 79-90
Persistent link: https://www.econbiz.de/10012593652