Comment Re: Pay to play? Piece of the action? (Score 1) 67
How about "Towards An Understanding of the Real Effects and Costs of Inflation" by
Stanley Fischer & Franco Modigliani ( https://www.nber.org/papers/w0... )?
Did these two luminaries of the Economics discipline find anything other than "menu costs" as a downside, and can't that be easily automated away? If you keep track of prices in purchasing power units, will you even notice hyperinflation, if that is the arbitrary outcome of full indexation?