Full DOWNLOAD The Fiscal Theory of the Price Level
Copy Link : https://getpdf.readbooks.link/yp/0691242240 ===========================*=========================== A comprehensive account of how government deficits and debt drive inflationWhere do inflation and deflation ultimately come from? The fiscal theory of the price level offers a simple answer: Prices adjust so that the real value of government debt equals the present value of taxes less spending. Inflation breaks out when people don’t expect the government to fully repay its debts.
Copy Link : https://getpdf.readbooks.link/yp/0691242240
===========================*===========================
A comprehensive account of how government deficits and debt drive inflationWhere do inflation and deflation ultimately come from? The fiscal theory of the price level offers a simple answer: Prices adjust so that the real value of government debt equals the present value of taxes less spending. Inflation breaks out when people don’t expect the government to fully repay its debts.
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