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The Different Faces Of Inflation

May 3, 2014
Daniel McLaughlin , Post-Journal

Inflation is always and everywhere a monetary phenomenon. That has been acknowledged for a very long time, even by monetary authorities. A general increase in prices cannot occur in a stable or growing economy without an increase in the supply of money. If prices are rising for all or most products and services at the same time, it is certain that the supply of money used to buy them is increasing.



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