By Jeffrey A. Tucker Tired of it yet? Month after month, now going on more than three years, muckety-mucks with the government and the Fed, echoed faithfully by legacy media outlets, have kept assuring us that inflation is improving and effectively defeated. It keeps not improving and it surely isn’t defeated. The Consumer Price Index […]
Tag: Inflation
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.