Inflation is the increase in the prices of goods and services across an economy. When prices inflate, you need more money to buy the same things. The opposite of inflation is deflation, when prices are lower across a range of goods and services.
James Howell, a 17th century historian cum writer was the first writer to earn his living from writing alone in the English language; other writers of those times pursued writing as a hobby, not a profession as writing alone never paid enough.
Little is known about the ancient Greek writer Aesop (c. 620 B.C.E.âc. 560 B.C.E.), whose stories of clever animals and foolish humans are considered Western civilization's first morality tales. He was said to have been a slave who earned his freedom through his storytelling and went on to serve as advisor to a king.