means to "make bigger" or "make more of" Old time economists understood it and frequently used it to denote an increase in the supply of paper money. i.e. government or counterfeit money (same thing). today our government is counterfeiting money hand over fist. To hide this fact from the people they have corrupted college teachers and news reporters who now teach or print that inflation somehow is a change in the cost of consumerables. This is not true e.g. child Greenspan et al. inflates the amount of paper money. Borrowers can now get more money to invest in (say)China to transfer the factory for a consumerable from US or UK to China and make it for far less. It then comes back here at one tenth the retail price that it was before the inflated money was available. Thus inflation dropped the price to the consumer, not increased it. We have "Reality TV"-- How about a program called "Reality Economics" where modern economics "professors and Fed. officials are forced to recant all the rubbish that they are pushing at rote-mental students and brainless members of the public.Before it was stolen inflation was a clearly understood word.

submitted by Alan L. Miller

TrackBack ping me at:

http://www.wordpirates.com/index.cgi.trackback