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replied 2271d
TrashPosterInTheDark
Because prices of goods will rise. Even though you personally might face more economic opportunities (so maybe inflation won't bother you), the cost of goods will definitely climb.
TrashPosterInTheDark
replied 2271d
This is not what inlfation actually is.
replied 2271d
"In economics, inflation is a sustained increase in the price level of goods and services in an economy over a period of time."
https://en.wikipedia.org/wiki/Inflation
TrashPosterInTheDark
replied 2271d
Who wrote that silly wikipedia article? Inflation is the increase of the money supply. Rise of prices is a symptom of it.
replied 2271d
Inflation describes a phenomenon. Increasing the money supply is a monetary policy that causes inflation. https://www.econlib.org/library/Enc/Inflation.html