02-20-2009, 02:05 AM
From Wiki:
Then there is stagflation.
Pua`a
S. FL
Big Islander to be.
quote:
Deflation in economics is a persistent decrease in the general price level[1] of goods and services, when inflation is below zero percent, resulting in an increase in the real value of money — a negative inflation rate. When the inflation rate slows down (decreases, but remains positive), this is known as disinflation. Disinflation is a substantial drop in the rate of increase of the price level.[2]
Inflation destroys real value in money. Deflation creates real value in money. Alternatively, the term deflation was used by the classical economists to refer to a decrease in the money supply and credit; some economists, including many Austrian school economists, still use the word in this sense.[3] The two meanings are closely related, since a decrease in the money supply is likely to cause a decrease in the price level.
Then there is stagflation.
Pua`a
S. FL
Big Islander to be.
Pua`a
S. FL
Big Islander to be.
S. FL
Big Islander to be.

