High prices are on everyone’s mind lately. Notice that I said high prices and not inflation. While the term inflation is used by most in reference to prices the term was created to mean inflation (increase) of the money supply. Technology, supply and other factors influence prices but they don’t constantly cause the cost of living to go up the way printing enormous amounts money does. One of the classic examples of a government causing hyper inflation was Germany printing large amount of currency to pay for World War I war debits. The German people were devastated financially and had to use vast amounts of cash to buy anything.

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