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| Topic: |
Book Reports
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| Number of pages / Number of words: |
7 / 1829 |
Essay's paper body
A special cost of unexpected inflation: Arbitrary redistributions of wealth
Unexpected inflation redistributes wealth among the population in a way that has nothing to do with either merit or need (Lowe & Ellis, 2003, p293).
These redistributions occur because many loans in the economy are specified in terms of the unit of account – money (Gans et al, 2005, p...
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A special cost of unexpected inflation: Arbitrary redistributions of wealth
Unexpected inflation redistributes wealth among the population in a way that has nothing to do with either merit or need (Lowe & Ellis, 2003, p293).
These redistributions occur because many loans in the economy are specified in terms of the unit of account – money (Gans et al, 2005, p...
Essay fragment
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