GREAT BEGINNINGS, 1821
“Tyger, tyger, burning bright,
In the forests of the night;
What immortal hand or eye,
Could frame thy fearful symmetry?”
(the beginning of “The Tyger,” a poem by William Blake)
INFLATION
Inflation is a monetary phenomenon; that is, it is the increase in the money supply. In the U.S. inflation is caused by the Federal Reserve.
There are several measures of the U.S. money supply, all…