The above link leads to a nice site which explains the original meaning of inflation, something which I have been trying to tell people for a few years.
Inflation used to give a cause-based perception of rising prices. Inflation used to mean simply the increase in the supply of money. Rising prices is a direct cause of increasing the money supply. Now, inflation has evolved to give a effect-based perception of rising prices. People think that rising prices is caused by other factors, while forgetting that rising prices is the effect of money-printing! People think that because there is economic growth, somehow it is accompanied by rising prices. Where's the link? Think more!
Inflation has confused the public of cause and effect of general price increases we see everyday.
It is a tool used by central bankers and politicians to steal wealth away from the population. It is a tool which allows politicians (and public alike) to blame price-increases on foreigners, bad weather, evil speculators, and greedy CEOs. And most unfortunately, it is a tool which allows people to wrongly blame the free-market for the economic problems we see around the world today.
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