The charts tell the tale. My 1988 edition of Webster's Dictionary defines inflation as follows: "An increase in the volume of money and credit relative to available goods, resulting in a substantial and continuing rise in the general price level." These differences are not academic and go a long way toward explaining why economists argue so vociferously. In a heated debate on the ... MOREMichael Pento: The Cause And Evidence Of Inflation
The charts tell the tale. My 1988 edition of Webster's Dictionary defines inflation as follows: "An increase in the volume of money and credit relative to available goods, resulting in a substantial and continuing rise in the general price level." These differences are not academic and go a long way toward explaining why economists argue so vociferously. In a heated debate on the ... MORE