Economics Primer: Inflation & Deflation

The terms “inflation” and “deflation” are regularly bantered about. People express fear that one or the other will return to wreak havoc. Do you understand what these are, really? The elements that give rise to each? How each would impact you or your business? To be sure, each is — and would be — disruptive in its own unique way. Are you prepared to protect yourself and your business if one or the other begins to take hold in our economy?

Inflation

Inflation is a rise in the price of goods and services. Consumers dislike inflation because higher prices mean diminished purchasing power …

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