What is Inflation?
Feb 11, 2022
2 minutes
By Patrick A. Heller
What is inflation? In order to have a sensible discussion of it, you first need to define it.
In classical economics, inflation has two general definitions: 1) an increase in the money supply, or 2) an increase in the money supply that is greater than the increase in the production of goods or services. Almost always, when you have a greater amount of money
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