Someone keeps changing this trying to say it means a increase in the supply of money, it does not mean that please check any English dictionary. Some claim it may be one of the things that can cause hyperinflation but even that is debatable, there are many things that can cause hyperinflation. The point is this is a dictionary what ever your view point on the cause has nothing to do with the meaning of the word in the English Language.
- See the citation and the Wikipedia article. DCDuring TALK 09:25, 16 June 2008 (UTC)
Philip Cagan was not a expert on the English language, what you put was just his view on it and a very debatable view point. There are many things that can cause both inflation and hyperinflation.
Please refrain from vandalism. You seem to misunderstand the function of a dictionary. It is to show how words are actually used. Palgrave's is an excellent source of generally accepted economic information. The citation is illustrative of the use of the term. Please provide additional citations that illustrate other uses. We have no taboos against any particular theories or uses of the word. We try to exclude theories from appearing in definitions themselves. DCDuring TALK 19:43, 16 June 2008 (UTC)
A dictionary is to give the true meaning of a word,this is a English dictionary and not a a tool to give publicity to someone's claim to the cause of inflation, if you took the time to read what the author of the book claims and compare it to a English dictionary you will clearly see the author has little understanding of the language and feels he can change the meaning of words. So I did not vandalise the entry as you did mime I removed false information.
- If you can find other books that use the word hyperinflation (see http://books.google.com ) then we can put them in the entry. This just serves as evidence that the word is used, rather than an attempt to publicise one person's opinions. Conrad.Irwin 20:56, 16 June 2008 (UTC)
Moved from entry
edit- Inflation can because by companies trying to increase profit, high wages, low wages that creates a skill shortage, under production, taxes are just but a few of the causes.
A unproven claim is that hyperinflation is by Philip Cagan who claims the reason for inflation is the amount of money in circulation. but only seems to take into consideration the US system, looking at other countries disproves this claim, countries with many over seas workers see a huge increase in the amount of money in circulation in December, but do not see inflation at higher than the normal rate every December.
- Feel free to provide evidence about the meaning of the word and examples of its use for Wiktionary. Discussion of the causes of hyperinflation, inflation, or anything else is outside the purview of a dictionary.
- Hyperinflation refers to such phenomena as occurred in Germany in the 1920s, China (date ?), some Latin American countries. See Wikipedia article: w:hyperinflation. I don't think that we have seen hyperinflation in this century anywhere in the developed world yet, but the century is young. DCDuring TALK 20:54, 16 June 2008 (UTC)