Simple inflation

Newspapers print many letters about the economy, many of them off base.

First, in a free economy, prices go up and down based upon supply and demand. Demand goes up and prices follow. Demand goes down and prices decrease. That’s it. No ifs, ands or buts.

Second, there is only one cause for inflation and that is when the federal government prints too much money and puts that money into circulation. Again, no ifs, ands, or buts.

Richard Murdock

North Aurora