Understanding current inflation conditions from the Austrian School

Craig Drake and Tim Price (Partner and Director of Investment at PFP Wealth) discuss definitions of inflation from the Austrian School perspective - where inflation is defined a general increase in the money supply.

FA Hayek: "In theoretical investigation there is only one meaning that can rationally be attached to the expression Inflation: an increase in the quantity of money (in the broader sense of the term, so as to include fiduciary media as well), that is not offset by a corresponding increase in the need for money (again in the broader sense of the term), so that a fall in the objective exchange-value of money must occur." #economics #inflation #bonds #Hayek