This book is about inflation. Inflation is defined as a continued depreciation of money, or a continued rise in the general level of prices. Almost unlimited depreciation may especially occur if pure credit money is involved and the costs of creating money are negligible. When commodity money is involved ¿ coins made from precious metals, for instance ¿ the intrinsic value usually forms a limit to the rise in the general price level.
|Place of Publication||Enschede|
|Publication status||Published - 2004|