Gold: Protect Yourself from Future Inflation [View article]
"The writer meant monetary inflation (or growth of the fiat-money supply), not price inflation (price changes, which could result from an increase in the supply of money, scarcity of goods, increase in the demand for goods, et cetera)."
Isn't monetary inflation...the same thing as "an increase in the supply of money"?
Price inflation is a symptom of inflation. Inflation is "an increase in the volume of money and credit realtive to available goods resulting in a substantial and continuing rise in the general price level." Webster's Seventh New Collegiate Dictionary.
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"The writer meant monetary inflation (or growth of the fiat-money supply), not price inflation (price changes, which could result from an increase in the supply of money, scarcity of goods, increase in the demand for goods, et cetera)."
Nov 11 15:05 pm
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All Comments by Silverbug2 »Gold: Protect Yourself from Future Inflation [View article]
Isn't monetary inflation...the same thing as "an increase in the supply of money"?
Price inflation is a symptom of inflation. Inflation is "an increase in the volume of money and credit realtive to available goods resulting in a substantial and continuing rise in the general price level." Webster's Seventh New Collegiate Dictionary.