The main objective of the article is
that of clarifying, within the framework of Austrian economics, some of
the mysteries around this “new” instrument of monetary policy – the change
(in the sense of a nominal lowering) of denominations. Is this denomination
change the proper means for stopping the general rise in prices? What are
inflationary expectations, what causes them and to what extent do they account
for the rise of prices? The answers to these questions should convince us
of the fact that, once again, the Romanian monetary authority is betting
on historical accidents to solve its problems.
The Private Property Order
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