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:

Related Freeman Articles

ARTICLE

Inflation 101: Cause Versus Transmission

Inflation Must Result When the Quantity of Money Increases

SEPTEMBER 01, 2008 by HOWARD BAETJER JR.

IT JUST AIN'T SO

The More College Graduates the Better?

Higher Education Equals Credential Inflation

JANUARY 01, 2007 by GEORGE C. LEEF

ARTICLE

Why Wages Rise

Artificial Measures to Increase Income Cause Unemployment and Economic Inefficiency

AUGUST 01, 1996 by MARK SKOUSEN

ARTICLE

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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April 2014

Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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