Inflation 2

INFLATION Can Our Economy Grow Without It? INTRODUCTION: What is inflation? The definition of inflation, according to Webster’s Revised Unabridged Dictionary, is “an undue expansion or increase, from overissue.” (Hypertext, 1) Although, Webster’s is considered by most to be the overall best dictionary, WordNet states the meaning of inflation a lot clearer by saying, “it’s a general and progressive increase in prices.” (Hypertext, 1) It occurs when the value of goods rises faster than …

…into bigger and better things without raising interest rates to unneeded proportions. WORKS CITED Forbes, Steve. “Bad Idea Begets Bad Economy.” Forbes. Oct. 9, 1995: p23. Dentzer, Susan. “Honey, I Shrunk the Price Tag!.” U.S. News & World Report. Sept. 23, 1996: p72. Forbes, Steve. “Stop Stunting Our Prosperity.” Forbes. Oct. 16, 1995: p27. “Inflation.” Hypertext Webster Gateway. Jan. 20, 1999: internet. http://work.ucsd.edu:5141/cgi-bin/http_webster?inflation Bootle, Roger. “Chapter 2-Prices.” The Death of Inflation. Nicholas Brealey Publishing. 1996: p488-489.