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.
About the Author. The German poet, novelist, playwright, courtier, scientist, and philosopher Johann Wolfgang von Goethe (1749-1832) ranks among the greatest authors of Western literature. His best known writings include The Sorrows of Young Werther (his first novel) and Faust (a drama in two parts).