Inflation

INFLATION (MONEY PRINTER GO BRRR) IS A RISE IN PRICES OF GOODS AND SERVICES. THE RISE IN PRICES MEANS THAT A UNIT OF CURRENCY WILL BUY LESS THAN IT PREVIOUSLY COULD. INFLATION IS CAUSED PRIMARILY BY INCREASING THE CURRENCY SUPPLY WITH NEW UNITS (QUANTITATIVE EASING), WHICH DEVALUES IT IN RELATION TO GOODS, SERVICES, AND OTHER ASSETS. ITS EFFECT IS THE DECLINE OF PURCHASING POWER OF A CURRENCY OVER TIME. INFLATION IS ALSO KNOWN AS THE HIDDEN TAX. "INFLATION IS AS VIOLENT AS A MUGGER, AS FRIGHTENING AS AN ARMED ROBBER AND AS DEADLY AS A HIT MAN." - RONALD REAGAN