All Commentary
Thursday, August 4, 1960

What You Should Know About Inflation

Inflation is the increase in the volume of money and bank credit in relation to the volume of goods.

  • Henry Hazlitt (1894-1993) was the great economic journalist of the 20th century. He is the author of Economics in One Lesson among 20 other books. See his complete bibliography. He was chief editorial writer for the New York Times, and wrote weekly for Newsweek. He served in an editorial capacity at The Freeman and was a board member of the Foundation for Economic Education.