>Normal people and economists use the same word to describe two different albeit somewhat related things.
It's actually worse because economists themselves use the same word to describe the two different concepts.
I agree with Symmetry above that the simplest 90% solution is just use "inflation" for general rise in price levels regardless of cause, and "monetary inflation" for money supply expansion.
It's actually worse because economists themselves use the same word to describe the two different concepts.
I agree with Symmetry above that the simplest 90% solution is just use "inflation" for general rise in price levels regardless of cause, and "monetary inflation" for money supply expansion.