4 ms·
Is there a reason why every price increase is referred to as "inflation" these days? I thought inflation had more to do with debasement of a currency than price
by ccosm 5y ago
Is there a reason why every price increase is referred to as "inflation" these days? I thought inflation had more to do with debasement of a currency than price fluctuations due to supply and demand, with the key functional distinction being that the former can be hard to reverse while the latter can self-correct given time (e.g. the lumber price increase we saw this summer).
- usui 5y agoWhen everything is inflation, nothing is. When everything conflates to inflation, it stops people from realizing the real inflation happening right under them.
- yunohn 5y agohttps://en.m.wikipedia.org/wiki/Inflation#Definition https://en.m.wikipedia.org/wiki/Inflation#Definition Basically, inflation can be split into two types: > An increase in the money supply may be called monetary inflation, to distinguish it from rising prices, which for clarity may be called "price inflation".
- deleted 5y ago[deleted]