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Inflation for Kids

There´s a lot to write about inflation but only a slice will be covered here. The goal is to show, by example, how the government uses inflation to increase Socialism. The example also shows how the public is deceived into blaming Capitalism for higher prices and the ensuing economic problems. The example, in this case, is a slightly modified version of one provided in “Capitalism” by George Reisman. Many people experience inflation, and even define it, as a general economy wide rise in the prices of goods and services. While rising prices are only a symptom of inflation, not inflation itself, the example will focus on the symptom to make a few points. Let´s say you´re in the pharmaceutical