Month: May 2021

To most people, “inflation” signifies widespread rising prices. Economists have long argued, as a matter of technical accuracy, that “inflation” denotes an increasing money supply. Frankly, though, most people don’t care what happens to the supply of money, but they …

For many a sign of a modern economy—and for those who know better, a cause of grief—Mexico’s peso comes from the country’s central bank, el Banco de México (the Bank of Mexico). Banxico, as it is often abbreviated, will have …