'Based on real-world experience of what is most important, here is my definition: Inflation is a net increase of money supply and credit with credit marked to market.
Deflation is the opposite, a net decrease of money supply and credit with credit marked to market.'
- Mike "Mish" Shedlock,
Zero Hedge Provides Empirical Proof of Deflation (However, He Does Not Even Realize It), June 26, 2012 (
Context)
'European Central Bank Governing Council member Joachim Nagel said forces including geopolitics and decarbonization could keep consumer-price growth elevated in the years ahead.'
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ECB’s Nagel Says Structural Forces Could Keep Inflation Higher, May 7, 2024
'High inflation and high interest rates were hallmarks of the stagflation cycle that dragged down the economy a half-century ago.'
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Return to the '70s? Today's housing market has echoes of dark era, May 6, 2024
Context'..inflation .. deflation..' - '..the role time plays..' - '..social interaction..'Fears about stagflation are mounting in the US