2 ms·
False. Inflation is as an economic term, the issuance of currency. Pretending like it's a measure of the price of goods is a political (not economics) tactic
by rothbardrand 9y ago
False. Inflation is as an economic term, the issuance of currency.
Pretending like it's a measure of the price of goods is a political (not economics) tactic used by governments to obscure it-- because the price of goods are affected by other things--like increases in productivity, lower cost goods from overseas and the like.
- bpicolo 9y ago> In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. Currency issuance is related. Is not the same thing