The Dangers of Inflation

The article Time To Pop The Party, written by Bernard Baumohl, demonstrates that inflation is a inevitable occurrence in our society. Even though the United States economy continues to grow and prosper it still faces the problem of inflation. Some people describe inflation as the decrease in the value of a doller. During a period of inflation the general price rises. In its extreme form inflation can have catastrophic effects on a nation. No matter …

…great rise in the general prices a nations economy is devastated becsuse of this our goverment takes measures to prevent inflation. In the article Time To Pop The Party the issue of inflation is observed. Inflation causes catostrofic effects on a nations economy which is why our goverment is concerned with the United States economy. Our nation economy continues to flurish but inflation still occurs which proves that a general rise in prices is inevitable.