a down means peopleren, inpeople aren't demanding goods worrod seices,esio becauthere's always a dangeeren we willrreact to events suchr d therefore there's nopwat wloyure on ices. and let the money supply drifup. especial whewe've d a lo period and let the money supply of very little ition, you gecompce and you startaking risks onhe oer side of equatio so i it would bevery foosh you gecompce and you startaking risks to say inflaon is dead. onhe oer side of equatio inflioisever dea going back to, i suppose, the dawnf civilization but certainly ck to the creation of money -- they had ilation in roman times. someeople think that inate to the downfall of the roman empire, but we certainly have ha periods in history ofecadesr evenenries but we certainly have ha of pce stabilityr declines, but in general ination has been a recurrent characteristic ofodern capilism we asked ecomic analystnaris ination has been for his thoughts on inflation. duringheo-calledstan what"new economy boom," 1990s, the oductivity boom we iso look at and aggregate dema curs. the aggregate supply curve to move to the rig