Column: Separating fact from fiction when it comes to inflation

Inflation often is confused with simple fluctuations in supply and demand.

Almost nothing in economics seems to confuse people as much as monetary inflation. That confusion leaves an intellectual void into which some of the least credible ideas of the modern world crawl.

Goods and services typically have a price dictated in currency, like our dollar. The prices for these goods can rise or fall for a variety of reasons.

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