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.
Inflation is the rise over time in the prices of goods and services usually measured as an annual percentage, just like interest rates. Inflation is the natural byproduct of a robust, growing economy. No inflation or deflation (the lowering of prices), is actually a much worse economic indicator. Also, in a healthy economy, wages rise at the same rate as prices. Interest rates is just one factor(but a major driver) affecting the inflation.