INFLATION

A · B · C · D · E · F · G · H · I · J · K · L · M · N · O · P · Q · R · S · T · U · V · W · X · Y · Z

Definitions

1. the amount of money in the country exceeds the amount of thing there is to buy, that's inflation. When the amount of products in the country exceed the amount of money there is to buy things, that's deflation. Both of them upset the economic field. (ESTO 9, 7203CO5 SO 1)

2. the fact is that you can't take more out of something than is in it. An activity, by its own efforts, has to make money before it can spend it. Governments today are omitting doing that so you have a cheapening of money that is called inflation. (ED 459-35 Flag)

3. inflation takes place in the presence of a shortage of goods and a deflation takes place in the presence of an abundance of goods. That's really all you need to know about money. If money won't buy things it inflates and if money will buy too much, it deflates. So if the people have no facilities to produce or are being disturbed continuously politically you get an inflating state of affairs. (SH Spec 13, 6403C24)

4. our answer to inflation, which means money buying less, is to do our jobs better and make more money. (OODs 19 Aug 72)

5. an increase in the volume of money and credit relative to available goods resulting in a substantial and continuing rise in the general price level. In other words if there is too much money and too few goods you will have inflation. This is the standard economic definition of the word. In other words, it's quite beyond all these people to solve their current "money crisis" with a simple idea of increasing production in order to handle inflation. (OODs 27 Nov 71)