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On the origin and evolution of the word inflation

Michael F. Bryan

Economic Commentary, 1997, issue Oct

Abstract: A historical look at the origin and uses of the word inflation, arguing that although the term has become nearly synonymous with \\"price increase,\\" its original meaning--a rise in the general price level caused by an imbalance between the quantity of money and trade needs--is the definition driving many of those who advocate an anti-inflation policy for the Federal Reserve.

Keywords: Inflation; (Finance) (search for similar items in EconPapers)
Date: 1997
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