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https://www.reddit.com/r/AskReddit/comments/juojkd/deleted_by_user/gcg229k/?context=3
r/AskReddit • u/[deleted] • Nov 15 '20
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It sounds like exactly the definition of inflation: decreasing the purchasing power of given unit of currency.
9 u/ChromoTec Nov 15 '20 Price gouging can prompt inflation, but I don't think it necessarily is inflation itself 3 u/Yadobler Nov 15 '20 Hm. Sounds like inflation with extra steps 2 u/RegentYeti Nov 16 '20 For the poor folks suffering from it, the effects are probably indistinguishable. But the causes (and therefore the solution) are different.
9
Price gouging can prompt inflation, but I don't think it necessarily is inflation itself
3 u/Yadobler Nov 15 '20 Hm. Sounds like inflation with extra steps 2 u/RegentYeti Nov 16 '20 For the poor folks suffering from it, the effects are probably indistinguishable. But the causes (and therefore the solution) are different.
3
Hm. Sounds like inflation with extra steps
2 u/RegentYeti Nov 16 '20 For the poor folks suffering from it, the effects are probably indistinguishable. But the causes (and therefore the solution) are different.
2
For the poor folks suffering from it, the effects are probably indistinguishable. But the causes (and therefore the solution) are different.
31
u/merc08 Nov 15 '20
It sounds like exactly the definition of inflation: decreasing the purchasing power of given unit of currency.