Comment

Comment by berns

> In economics inflation has a specific definition: a general rise in the price level. It can be caused by all kinds of things.

When the prices of all goods and services go up, it is the thing you measure them against that is going down. If there were no currency, there would be no inflation, only changes in relative prices.

parent berns 4 years ago

No comments yet

Be the first to share your thoughts.

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton