economics

1. What is inflation?

 2. What does inflation do to the value of our money? Is it a good or bad thing? Defend your answer.

3. David Barker said, "central planning doesn't work as well as markets." What does this mean? Explain why you agree or disagree.

 4. What do you think about the idea of private money? How do you think it would work? If people were free to use whatever money they trusted, do you think competition would provide incentives for people offering private money to retain the value of their currency and to avoid inflation