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.
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.owever, most economists today use the term inflation to refer to a rise in the price level. An increase in the money supply may be called monetary inflation, to distinguish it from rising prices, which may also for clarity be called price inflation.