Commodity Trade Mantra

Posts Tagged ‘Process of Inflation’

Inflation: A Semantic Change Worth Noting

The concepts of inflation & deflation have been completely misconceived by the public and economists alike. The semantic revolution has changed the traditional connotation of these terms. What people call inflation or deflation is no longer the increase or decrease in the supply of money, but its inexorable consequences, the tendency toward a rise or a fall in commodity prices & wage rates.

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