10 lines
740 B
Markdown
10 lines
740 B
Markdown
# Inflationary
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A inflationary asset is one in which the supply of the asset is increasing. It is generally desireable for a [currency](currency.md) to have a small predictable amount of deflation on long time periods as this encourages investments in [productive-asset](productive-asset.md) and stimulate economic growth and the creation of jobs.
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The [dollar](dollar.md) is an example of an [asset](assets.md) which is inflationary due to the monetary policy of the [central-banks](central-banks.md).
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See also [deflationary asset](deflationary.md).
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## References
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1. Frisch, Helmut. 1983. Theories of Inflation. Cambridge University Press.
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1. Ashton, Michael. What's Wrong with Money?: The Biggest Bubble of All. John Wiley & Sons, 2016. |