Is inflation always a bad thing that hurts consumers? Or can there be some benefits when it’s controlled at a moderate level? Explore all opinions, perspectives, stances, and arguments about inflation with AllStances™ by AllSides:
See arguments »Allowing inflation to persist prevents the economy from flourishing and can be a serious burden on all Americans.Inflation occurs when prices increase over time throughout an economy. This acts like a tax on everything, meaning each dollar buys less than it did earlier. When prices decrease, as they did during the 2008 recession, it is called deflation. This encourages people and businesses to not spend anything since money will be worth more later.
Inflation is most commonly measured by the Bureau of Labor Statistics' Consumer Price Index, which measures a wide range of consumer goods and services across the country.
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