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Introduction The term inflation from latin - a swelling for the first time began to use in America during the Civil war 1861-1865 However inflation is known to people since money have widely started to be used in economic exchange By inflation we mean a general rise in prices throughout the economy During the 1950s and 1960s rates of inflation were generally low in the advanced industrialized economies In the early 1970s however inflation rose dramatically By the end of the decade many governments regarded inflation as the most pressing of their economic problems Mrs Thatcher for example declared inflation to be public enemy number one Then with the word recession of the early 1980s inflation began to fall only to rise again with the boom of the late 1980s but fall back with the recession of the early 1990s Since then it has stayed low in most countries Inflation has generally been less severe in the 1980s and 1990s than in the 1970s In my work I am going to answer the following questions how serious the problem of inflation What the government should to control it How is it to live with inflation Chapter 1 ESSENCE THE REASONS AND MEASUREMENT OF INFLATION The term inflation from latin - a swelling for the first time began to use in America during the Civil war 1861-1865 However inflation is known to people since money have widely started to be used in economic exchange It is possible to consider as an ancestor of the theory of inflation the Scottish economist and statesman J L who first in Europe in the XVIII century take the attempts to enter paper money into the circulation In the most known work Money and trade considered with the offer on maintenance of the nation by money 1705 J L offered to organize issue of folding money for enrichment of the country The logic was simple He considered
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