The Dangers of Inflation Essay

This essay has a total of 428 words and 3 pages.

The Dangers of Inflation



The article Time To Pop The Party, written by Bernard Baumohl, demonstrates that

inflation is a inevitable occurrence in our society. Even though the United States economy

continues to grow and prosper it still faces the problem of inflation. Some people describe

inflation as the decrease in the value of a doller. During a period of inflation the general price

rises. In its extreme form inflation can have catastrophic effects on a nation.

No matter how much a nation may thrive economically it still must face the problem of

inflation. As shown in the article Time To Pop The Party the United States is under going a

unprecedented economic time of prosperity. The United States has been increasing its gross

domestic product every year for the past eight years, which is the longest in the history of the

United States. Consumer spending has increased and unemployment is at a record low. After all
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