Re:Former President Trump is projected to win the presidency
by lottin on Wednesday November 06, 2024 @03:13PM
(#42068616)
Classical economists didn't seem to use the term 'inflation' in either sense. I can't find any evidence that 'modern economists' have corrupted the original meaning, like you imply.
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Re:Former President Trump is projected to win the presidency
by _heimdall on Wednesday November 06, 2024 @06:34PM
(#42071256)
https://www.clevelandfed.org/publications/economic-commentar...
This link does at least acknowledge the original meaning of the word, though it does imply that's an outdated use in economics.
Re:Former President Trump is projected to win the presidency
by lottin on Thursday November 07, 2024 @06:35AM
(#42075768)
The author certainly makes this claim, but fails to provide any evidence.
"It is during this period [the era between the mid-1830s and the Civil War] that the word inflation begins to emerge in the literature, not in reference to something that happens to prices, but as something that happens to a paper currency.7"
The footnote doesn't contain any reference.