Photo: Monetary inflation is a sustained increase in the money supply
of a country (or currency area). Depending on many factors, especially public expectations, the fundamental state and development of the economy, and the transmission mechanism
, it is likely to result in price inflation
, which is usually just called "inflation", which is a rise in the general level of prices of goods and services. Here: a Federal Reserve note, a two-dollar (soon to be three-dollar) bill.
#Inflation: Soft landing is the twice-told story. Veronique de Rugy, @veroderugy, @GeorgeMasonU, @Mercatus Center, Senior Research Fellow, Mercatus Center, George Mason University & NRO Online.