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What Is Inflation? Was It a Problem During Colonial Times

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What is inflation? Was it a problem during colonial times? When does inflation negatively impact income and wealth? When does it ease problems of debtors against creditors? When does it encourage imports into a country and discourage exports out of the same country?


Definitions:

Catatonic Stupor

A symptom associated with schizophrenia in which a person becomes almost totally unresponsive to the environment, remaining motionless and silent for long stretches of time.

Silent

The state or quality of being quiet or without any sound.

Motionless

The state of not moving or being completely still.

Alogia

A decrease in speech or speech content; a symptom of schizophrenia. Also known as poverty of speech.

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