Inflation
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 Inflation  (Idea)   | |
|---|---|
| Interest of | Shinzō Abe |
| The increase in prices of goods and services in an economy | |
Inflation is used both to refer to the increase of the money supply as well as to the rise in prices concomitant from this.
Note: There is a difference between increase of prices due to a shortage in supply (think crop failures) and increase in prices due to inflation, which is caused by monetary policy.
An example
| Page name | Description |
|---|---|
| Hyperinflation |
Related Quotation
| Page | Quote | Author |
|---|---|---|
| University of California/Los Angeles | “speak first hand of the abysmal ignorance [about inflation] of the UCLA Economics Department in the early 1960s.” | Antony Sutton |
Related Document
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:Modern Monetary Theory: an explanation | blog post | 18 April 2023 | Richard Murphy | The MMT approach to the command of resources is the polar opposite of that in neoliberalism. MMT seeks to do what is possible. Neoliberalism seeks to constrain what is possible. |
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