I read a little about it but I forgot what that declaration was called and I can't find it anymore, anyone mind helping me out here?

    • OgdenTO [he/him]
      ·
      4 years ago

      If inflation is calculated by the buying power of a unit of currency against a set of defined basic items (certain foodstuffs, etc.), then wouldn't food shortages in a free market cause massive inflation, irrespective of government backed monetary expansion?