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dragonwriteryesterday at 11:14 PM1 replyview on HN

> Tariffs are price increasing (colloquially "inflationary"), but not definitionally inflationary in the economic meaning. Look it up.

Weird (okay, not all that weird, but ironic, in context) thing to be confidently incorrect about.

Outside of the overtly ideology-over-description Austrian School of economics, which has a different jargon designed to advance their ideology, the general definition of (unqualified) inflation in economics is a sustained increase in general price levels.

And belief that the Austrian School usage is just the “economic meaning” is a pretty good sign that someone doesn't understand even Austrian School economics beyond rote recitation of doctrines and aphorisms.


Replies

caminantetoday at 12:08 AM

Wait.

We agree.

Saying it needs to be a sustained increase is consistent with what I said above.

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