Quote from: benzone on May 08, 2014, 10:47:01 PM

Quote from: ZephramC on April 23, 2014, 03:30:33 PM

Quote from: deisik on April 22, 2014, 06:44:26 PM

Quote from: zolace on April 22, 2014, 05:38:46 PM

Inflation is the general increase in prices, so it is the goods that you buy whose price will inflate, rather than the currency used to buy the goods.

Some people want to be different and say that inflation is an increase in money supply (monetary base before all). It may or may not influence the prices... Cool

Those are two possible definition of inflation. Monetary inflation and price inflation.

On this forum, yes. Anywhere else (any economics literature...), no. This is like telling a physicist there are two kinds of temperature, one based on molecule vibration and the other based on things being hot.

You agree that using "inflation" when you mean "price inflation" is like defining temperature as "things being hot", right?

... Actually, very often judgments like: "There are several ways to define a thing, but some definitions are better (more scientific, more reasonable, more sane, less stupid,...)" is calling for flamewars. Wink