-
[quote user="Ego"] The most common: inflation is a rise in prices. [/quote] There are multiple commonly accepted definitions of inflation. Some define it as an in prices. Others define it as an increase in the money supply. I don't like either explanation. Even with a stable money supply...
-
I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...