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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Inflation 101: Cause Versus Transmission

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The More College Graduates the Better?

Higher Education Equals Credential Inflation

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Why Wages Rise

Artificial Measures to Increase Income Cause Unemployment and Economic Inefficiency

AUGUST 01, 1996 by MARK SKOUSEN

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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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FEE offers live online events for people new to the economic, ethical, and legal principles of a free society.

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December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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