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.
Capote's In Cold Blood. Truman Capote was one of the first authors who was recognized for nonfiction novel writing. Capote read the story of the Clutter murders in a newspaper and was immediately intrigued. He used the events surrounding the crime as a basis for In Cold Blood.