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Inflation has always been defined as a rise in the general price level. Consult any economics textbook or econometrics monograph in the 20th century. "inflatio
by bwestergard 5y ago
Inflation has always been defined as a rise in the general price level. Consult any economics textbook or econometrics monograph in the 20th century.
"inflation is the goverment printing (inflating) currency to the market in order fund it's agenda by stealing your savings"
You are summarizing a policy theory called "monetarism" and presenting it as the consensus theory that is only now being departed from. This is inaccurate.
https://en.wikipedia.org/wiki/Monetarism https://en.wikipedia.org/wiki/Monetarism