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 economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.When the price level rises, each unit of currency buys fewer goods and services.Consequently, inflation reflects a reduction in the purchasing power per unit of money â a loss of real value in the medium of exchange and unit of account within the economy.hen the price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money â a loss of real value in the medium of exchange and unit of account within the economy.