Here's a Milton Friedman basic primer on Inflation:
(he looks comically out of place walking through that Old West ghost town...
)
Simply put: the quantity of money is growing faster than the quantity of good and services
Interesting historical note: The Confederacy was suffering big inflation. The Union overran the place where the Confederacy printed money. Confederate money stopped being printed. Inflation ground to a halt. It took the Confederacy a few weeks to start up a new money printing press somewhere else. Once the new Confederate money printing presses got online, inflation returned.
(he looks comically out of place walking through that Old West ghost town...

Simply put: the quantity of money is growing faster than the quantity of good and services
Interesting historical note: The Confederacy was suffering big inflation. The Union overran the place where the Confederacy printed money. Confederate money stopped being printed. Inflation ground to a halt. It took the Confederacy a few weeks to start up a new money printing press somewhere else. Once the new Confederate money printing presses got online, inflation returned.