– November 1, 1934

Research Reports – 11/01/1934

The index of purchasing power used is one form of the Harwood Index of Inflation. This index has been tested during the past six years and has proved to be an important, possibly the most important, indicator of fundamental conditions available. In this issue, we present an explanation of the index and its significance.

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AIER Staff

Founded in 1933, The American Institute for Economic Research (AIER) educates people on the value of personal freedom, free enterprise, property rights, limited government, and sound money. AIER’s ongoing scientific research demonstrates the importance of these principles in advancing peace, prosperity, and human progress.

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