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inflationist
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Definitions of inflationist in various dictionaries:
An advocate of the policy of deliberate inflation achieved by increasing the supply of available currency and credit.
INFLATIONIST - Inflationism is a heterodox economic, fiscal, or monetary policy, that predicts that a substantial level of inflation is harmless, desirable or even ...
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| An advocate of the policy of deliberate inflation achieved by increasing the supply of available currency and credit. |
| bInflationb is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Central banks attempt to limit binflationb, and avoid deflation, in order to keep the economy running smoothly. |
| Inflationist description |
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Inflationism is a heterodox economic, fiscal, or monetary policy, that predicts that a substantial level of inflation is harmless, desirable or even advantageous. Similarly, inflationist economists advocate for an inflationist policy. * Mainstream economics holds that inflation is a necessary evil, and advocates a low, stable level of inflation, and thus is largely opposed to inflationist policies – some inflation is necessary, but inflation beyond a low level is not desirable. However, deflation is often seen as a worse danger, particularly within Keynesian economics and in the theory of debt deflation, and thus the policies advocated by Keynesian economists such as Paul Krugman to prevent deflation in cases of economic crisis are labeled as inflationist policies by others. |