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by FuriouslyAdrift
1481 days ago
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This article conflates monetary inflation with the EFFECTs of monetary inflation... Inflation within the context of state level economics is the reduction in relative value of current monetary holdings. That's it. There's nothing magical, hidden, or complicated about it. How it arrives, how it is dealt with, and how much is desirable for specific effects is all up for debate and the article has some great info and analysis there. The most common reasons are monetary expansion and scarcity changes in resources. The most common methods of adjustment are monetary contraction and increases in resources. |
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