Inflation, the loss of purchasing power over time, is a consuming subject in a time of global recession because the level of inflation in an economy determines how far a paycheck will go. The American Heritage dictionary defines inflation “as the persistent increase in prices.” It also defines it as “the persistent decline in the [...]

Hyperinflation is an extreme occurrence. In order to understand what it is, it is important to understand what inflation is. Inflation occurs when there is an increase in the price of goods and services. When this happens, the value of a dollar decreases. In essence, the dollar buys less when there is inflation. Hyperinflation, as [...]

The dollar is doomed by the fact that there has been too much Keynesian style spending coming out of the United States Congress. You cannot spend your way out of every crisis and when you attempt to, such a concept truly can weaken your currency. The dollar is also doomed because people are starting to [...]