Money
inflation
economics
Milton Friedman
Category:
Money
- Key People:
- Richard Nixon
- Thomas J. Sargent
- Abba P. Lerner
- Edmund S. Phelps
- Related Topics:
- Phillips curve
- hyperinflation
Recent News
Jan. 26, 2024, 5:11 PM ET (AP)
Stock market today: Wall Street closes its 12th winning week in the last 13 with a mixed finish
Jan. 26, 2024, 11:08 AM ET (AP)
Inflation slowed further in December as an economic 'soft landing' moves into sharper focus
Jan. 24, 2024, 2:21 PM ET (AP)
Americans' economic outlook brightens as inflation slows and wages outpace prices
Jan. 11, 2024, 10:33 PM ET (AP)
Stock market today: Asian shares are mostly higher after a mixed close on Wall Street
Jan. 11, 2024, 5:47 PM ET (AP)
From housing to energy to food, US inflation picks up, though some costs rise only mildly
Inflation refers to the general increase in prices or the money supply, both of which can cause the purchasing power of a currency to decline. From a consumer’s point of view, inflation is often perceived in relation to prices. We call it “inflation” when consumer goods and services across a wide segment of the economy are rising in cost. From a theoretical perspective, however, there are several ways to define inflation and the factors that cause it. (Read Milton Friedman’s Britannica entry on money.) Four prevailing economic theories aim to define and explain inflation: Let’s look at each inflation theory ...(100 of 1608 words)