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TheMoneyIllusion. A slightly off-center perspective on monetary problems. Are rate increases unthinkable?
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Money illusion is an economic theory stating that people have a tendency to view their wealth and income in nominal dollar terms, ignoring inflation.
In economics, money illusion, or price illusion, is a cognitive bias where money is thought of in nominal, rather than real terms. In other words, the face ...
The term "money illusion" refers to a tendency to think in terms of nominal rather than real monetary values. Money illusion has significant implications ...
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The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics.
Money illusion, also known as price illusion, is an economic theory that states that individuals usually tend to view their income and wealth in nominal.
It seems to have been coined by Irving Fisher, who defined it as 'failure to perceive that the dollar, or any other unit of money, expands or shrinks in value' ...