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TrashPosterInTheDark
replied 2122d
This is not what inlfation actually is.
replied 2122d
"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 2122d
Who wrote that silly wikipedia article? Inflation is the increase of the money supply. Rise of prices is a symptom of it.
replied 2122d
Inflation describes a phenomenon. Increasing the money supply is a monetary policy that causes inflation. https://www.econlib.org/library/Enc/Inflation.html