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Inflation question - Input Junkie
September 20th, 2009
08:12 pm


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Inflation question

(14 comments | Leave a comment)

Date:September 21st, 2009 02:02 am (UTC)
For a long time, the formal economic definition of inflation was "increase in the M1 money supply". Inflation has the effect of making money "cheap", so some new ventures will be undertaken. Too much inflation for too long, and the interest rates go up and money becomes expensive again.
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