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And it was an oversupply, he argued, that caused inflation.
But astronomers and physicists admit that they still have no idea what caused inflation.
The cosmic Kahuna that now dangles before astronomers and physicists is understanding what caused inflation.
The government's expansionary policies caused inflation to rise to 12.3% last year.
Ron Muhlenkamp, money managerWhen I was in school in the 1960's, we were taught that economic growth caused inflation.
The falling money stock caused deflation in the deficit country; the rising money stock caused inflation in the surplus country.
Similar(27)
These forces have caused inflation-adjusted compensation growth -- wages plus benefits -- to stall.
Yes, raising minimum wage causes inflation.
One reason is that it could cause inflation later.
Agriculture is feudal and food shortages cause inflation.
Domestic consumption is surpassing the limits of production, causing inflation.
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