rickmcq Wrote:
Dec 11, 2012 1:28 PM
1. Add more paper currency without adding any goods or service to back the paper. 2. Each piece of currency becomes worth less than before and purchasing power falls. http://dictionary.reference.com/browse/inflation - in·fla·tion [in-fley-shuh?n] noun 1.Economics . a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency