Wednesday, August 24, 2005

Inflation Update


Thanks to Bloggers like El Borak he can do justice to more serious topics..
El Borak's Inflation Update

HEY I KNEW THIS MUCH!!

In economics, inflation is an increase in the general level of prices of a given kind. General inflation is a fall in the market value or purchasing power of money within an economy, as compared to currency devaluation, which is the fall of the market value of a currency between economies. General inflation is referred to as a rise in the general level of prices. The former applies to the value of the currency within the national region of use, whereas the latter applies to the external value on international markets. The extent to which these two phenomena are related is open to economic debate.