Recent Blogs Posts

First income distribution, then wage inflation, and now measuring inflation.

Inflation: Noun Economics. a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency (http://dictionary.reference.com/browse/inflation?s=t‎) In my last post I showed examples of two types of inflation, wage inflation and Consumer Price inflation, but there are several other kinds of inflation, including the ...