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This has always irritated me. Normal people and economists use the same word to describe two different albeit somewhat related things. If you include debt (and I think you have to), we had some pretty severe deflation starting 2008. But the prices people pay for the things they buy went up during that time period, something that can happen while you're in a deflationary economy.



>Normal people and economists use the same word to describe two different albeit somewhat related things.

It's actually worse because economists themselves use the same word to describe the two different concepts.

I agree with Symmetry above that the simplest 90% solution is just use "inflation" for general rise in price levels regardless of cause, and "monetary inflation" for money supply expansion.

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