In economics, '''Inflation''' is an increase in the [[money supply]] in excess of the quantity of goods and services being produced. Inflation is not caused by [[global warming]] or any natural phenomena. Inflation is caused directly by the people whom voters elect to office. By inflating the money supply, the U.S. Congress is attempting to monetize and devalue its debt for past [[deficit spending]]. | In economics, '''Inflation''' is an increase in the [[money supply]] in excess of the quantity of goods and services being produced. Inflation is not caused by [[global warming]] or any natural phenomena. Inflation is caused directly by the people whom voters elect to office. By inflating the money supply, the U.S. Congress is attempting to monetize and devalue its debt for past [[deficit spending]]. |