What is inflation? Is it rising prices? Or is it something that actually causes prices to rise?
Even Presidents of the USA get this wrong! Hey, almost everyone now gets this wrong!
Historically, and even just a few decades ago, inflation was always an increase in the supply of money.
In this episode we trace how the definition changed and why.
We examine what real inflation is and how it affects the economy.
We compare it to counterfeiting to see if there are any significant differences.
What does the Bible say about this practice? Does God allow people to do this or condemn them for it? Does inflation violate the commands against dishonest balances and theft?
"What is the Real Definition of Inflation?"
"Definition of Inflation"