Inflation: Difference between revisions

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*http://en.wikipedia.org/wiki/Gold_standard
*http://en.wikipedia.org/wiki/Gold_standard
*http://capitalism.org/faq/inflation.htm
*http://capitalism.org/faq/inflation.htm
 
*http://forum.objectivismonline.net/index.php?showtopic=4668
[[Category:Politics]]
[[Category:Politics]]

Latest revision as of 23:27, 17 February 2007

Inflation is a rise in the general price level created by the expansion of credit - usually by the government's printing money. It's a "legal" form of counterfeiting made possible by fiduciary (fiat) currency. The solution to inflation is to eliminate fiat currency by allowing the market to select a species (gold backed) currency.

Inflation usually used a form of taxation when governments face large budget deficits.

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