4 ms·
Inflation is an increase in the money supply, which is why it's called inflation - the money supply inflates. I know a lot of government economists like to defi
by samdoesnothing 1y ago
Inflation is an increase in the money supply, which is why it's called inflation - the money supply inflates. I know a lot of government economists like to define it as rising prices because then there is no word for increasing the money supply which is very convenient for them and the governments they work for.
- lottin 1y agoNo, it's not just government economists. It's the standard definition in economics. But that's beside the point... the BIG mistake you're making is confusing an increase in nominal prices (inflation, or whatever you want to call it) with an increase in real prices (a rise in the cost of living).