Inflation is the increase in the prices of goods and services across an economy. When prices inflate, you need more money to buy the same things. The opposite of inflation is deflation, when prices are lower across a range of goods and services.
James Howell, a 17th century historian cum writer was the first writer to earn his living from writing alone in the English language; other writers of those times pursued writing as a hobby, not a profession as writing alone never paid enough.
Herodotus: Greece's First Historian. Herodotus is regarded by many to be the Father of History, for his famous work The Histories, an account of the causes and particulars of the Greco-Persian Wars. However, his work also includes many fanciful tales, which has led others to term him the Father of Lies..