The evils of inflation
In a a brand-new video lecture Professor Krassimir Petrov explains 21 negative effects from inflation. Inflation is an expansion of the money supply, rising prices are the effect. Inflation does not increase “the price level”, but causes individual prices to rise at different times and by different amounts. The effect of inflation is not only that the prices of goods and services will rise, but it affects also asset prices. The result is misallocation in the real economy due to misinformation. See: http://video.google.com/videoplay?docid=-6484061137769305763