INTERMEDIATE

Inflation

Always and Everywhere a Monetary Phenomena

In this module, you will learn that inflation is more than just higher prices and how it affects your daily life.

What is inflation?

Traditionally, inflation referred to an increase in the amount of money in circulation. Many modern economists have adopted a definition that refers to rising prices, a common effect of an increase in the money supply. Some economists will use the terms monetary inflation and price inflation to avoid this confusion of definition.

Steve Horwitz on inflation:

 

Lawrence Reed on inflation in Bolivia:

 

A full-length lecture on Money and Inflation by Lawrence Reed:

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Why Wages Rise

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Inflation in One Page

MAY 01, 1978 by HENRY HAZLITT

Printing money to cover government deficits is curable: slash spending to balance the budget.

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September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited out social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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