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I think this is another example of why we must start with apriori approach to economics (and all learning for that matter) and only resort to posteriori methods
by jackcouch 13y ago
I think this is another example of why we must start with apriori approach to economics (and all learning for that matter) and only resort to posteriori methods as a secondary methodology. In this case we can prove logically that inflation reduces the investment capital available and that will always result in a decrease of production. If that is accepted arguing about how bad we can make something before X milestone seems a little less important.