Toeing the Line with Inflation

Inflation is really a secondary form of taxation.  It is caused by government action and acts by eroding the purchasing power of dollar-denominated assets.  This effect happens when the government increases the amount of currency in circulation faster than the growth of real production.  The net effect is more dollars chasing after fewer goods and services.

The inevitable “next question” is to find out what inflation means to us as individuals, and how we can fight against it.

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