#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.

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.