Discuss your selected Key ‘Inflation’ term. You should explain why you are interested in the term, an explanation of the term, a summary of the germane current literature, and specifically how this relates to Financial Markets, Monetary Systems, and Regional Economic Integration.
Inflation is the rate at which the value of a currency is falling and, consequently, the general levels of prices for goods and services is rising. Inflation is sometimes classified into three types: Demand Pull inflation, Cost-Push inflation, and Built-In inflation. Studies on inflation and growth can be traced as far back as the classic economic theories and up to modern theories. Today the relative importance of inflation in propelling economic growth remains a subject of debate. The relationship between inflation and economic growth is of great interest in macroeconomics and monetary policy modelling. Inflation has a positive impact on economic growth (Mallik & Chowdhury 2001; Rapach 2003; Benhabib & Spiegel 2009).
in advanced military equipment such as armored vehicles have flowed from the federal government to both big cities and small towns . Hence, state and local law enforcement agencies have been awarded in cash for the sheer number of people swept into the system for drug offenses, thus giving law enforcement agencies an incentive to go out and look. This includes stopping and frisking, searching as many people as possible, pulling over as many cars as possible, in order to boost their numbers up and ensure the funding stream will continue or increase. For example, Fresno’s Police Department received 28.4 million in Federal Grants, in which leads to the city of Fresno having the nations most advanced “held automation system” .
Technology
Policing through technology is a way in which the police, as agencies of the state, are able to gather intelligence, surveillance, and achieve the means necessary to socially control populations. Ultimately, the goal of police intelligence is repression. Thus, “repression is tricky business…Rebellions may brew, discontent spread, revolutionaries prepare their forces—all before the government even realizes it is facing a threat. Intelligence work is meant to fill this gap” . Police intelligence is a covert form of policing in order to maintain certain populations that pose a threat under control. The targets are generally unaware of police intelligence activity; the public at large barely recognizes its existence .
COINTELPRO (Counter Intelligence Program), is recognized as a successful program, which is part of the Federal Bureau of Investigation’s (FBI). It was a unique program that connected the local to the federal in order to monitor and control insurgency. Particularly, during the 1960’s, COINTELPRO,