Introduction. 1  Guardianship, also, referred to as conservatorship, is a legal process, utilized when a person can no longer make or communicate safe or sound decisions about his/her person and/or property or has become susceptible to fraud or undue influence.
However, inflation isnât about rising prices; itâs about an expanding money supply. Higher prices are a consequence of inflation, not inflation itself. While short-term inflation can raise prices and wages and have little detrimental effects to the economy, sustained long-term inflation can be very harmful. If left unchecked, inflation can become hyperinflation, a condition where a fiat currency becomes so diluted, itâs practically worthless.
In the most general sense, inflation is a rise in the average price of goods over a period of time. The rate. that prices increase is known as the inflation rate. Inflation happens either when prices go up or when it. takes more money to buy the same items. Economists typically consider inflation to occur when the. prices increase over a period of time rather than from one month to the next.