Replies to post #145054 on Zeev's Turnips Patch-No Politics (ZEEV)

[lee kramer]

Hi Fed Reserves: Inflation is the creation of money by government. The result of inflation, over time, is the rise in the General Level of Prices...and the subsequent eduction of the purchasing power of the dollar. Deflation is the opposite.
With inflation, dollars [ the exception is hard currencies such as gold and pre '65 silver] become worth "less." With deflation dollars become worth more.