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.
J.K. Rowling was the first billionaire author, not Tina Fey, and James Patterson sells more copies of his books than Tim Ferriss does (about 200 times more). In the end, top tier fiction authors make more than top tier non-fiction authors.(Not that itâs likely Iâll experience this first hand. have only written non fiction and memoir. In fact my first book was just published this past October, non fiction. I want my next book to be a novel and have fun using my imagination instead of working so hard with memory and facts, but the craft of it unnerves me.