My Account
Read more on:

Money, illusion and inflation

MUNCIE, Ind. — Inflation is the decline in the value of currency caused by an increase in the supply of money. The supply of money is increased by excessive government deficit spending or excessively loose monetary policy, typically low-interest rates. We measure this decline in the value of currency through an increase in the price ...
Related Topics:
Access this story with State Affairs Pro

To continue reading, please sign in or subscribe to State Affairs Pro Indiana