It is daft to report that Apple is now the biggest company in history by market capitalisation. At $850bn, dotcom-era Microsoft remains the record holder in today’s money. But those ignoring the effect of inflation are unwittingly at the centre of a long-running academic debate with contemporary implications for how monetary policy could help create jobs. This debate is over what economists call money illusion.
若凭苹果公司(Apple)的市值,就称它为史上最大公司,这是愚蠢的。网络泡沫时代的微软,按今天的货币来算市值达8500亿美元,仍是记录保持者。但那些无视通胀影响的人,在不经意间置身于一场长期学术辩论的中心,这场辩论对货币政策如何有助于创造就业具有当代影响。这一辩论的核心是manbetx20客户端下载 学家们所谓的货币幻觉。
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