Price Inflation Fractal Coastlne Paradox
Here, I hypothesise that price inflation is a fractal phenomenon equivalent to or a real-life example of the coastline paradox . The coastline paradox says the measurement of a coastline is related to the length of the 'measuring stick' being used: the shorter the measuring stick, the longer the coastline - right to infinity. I say the unit of money is the measuring stick, the coastline, the price of the object, and, therefore, the size of the economy. If the currency is decreased in value, the (nominal) size of the economy will exponentially increase (hyperinflate). Veritasium: What Is The Coastline Paradox? Just what is inflation? Of course, we have the textbook answer, a general increase in the average price level - over time , but to be fractal, it must be a universal definition and go beyond the prices of goods. A fractal explanation must demonstrate the following - I am convinced that the general fractal does...