The Money Farm Team

Why Was Inflation A Problem During The American Revolution?

As the war progressed and the states failed to pay their bills, Congress became increasingly reliant on printing additional money to avoid the free-rider dilemma. As we’ve seen, this resulted in extremely high inflation, as well as an initial spike in the specie value of Continental Dollar emissions, followed by a subsequent decrease. Why did

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Is GDP A Flow Concept?

Without knowing which variables reflect stock and which variables represent flows, economic progress cannot be adequately defined or understood. Flow variables make up the majority of macroeconomic variables provided by statistical organizations. The value of final goods generated by the economy in a given year is measured by Gross Domestic Product (GDP). GDP is a

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