The biggest problem with Warsh hearing is discussing inflation without a clear understanding of what the word means. If you incorrectly define inflation as rising prices instead of an expansion of the supply of money and credit, any discussion that follows becomes meaningless.
@peterschiff·Jul 14, 2026·2 sources·neutral
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The article criticizes the Warsh hearing for misdefining inflation as rising prices rather than monetary expansion.
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The biggest problem with Warsh hearing is discussing inflation without a clear understanding of what the word means. If you incorrectly define inflation as rising prices instead of an expansion of the supply of money and credit, any discussion that follows becomes meaningless.
@peterschiff
Jul 14, 2026
The biggest problem with Warsh hearing is discussing inflation without a clear understanding of what the word means. If you incorrectly define inflation as rising prices instead of an expansion of the supply of money and credit, any discussion that follows becomes meaningless.
@peterschiff
Jul 14, 2026