The author certainly makes this claim, but fails to provide any evidence.
"It is during this period [the era between the mid-1830s and the
Civil War] that the word inflation begins to emerge in the literature, not in reference to something that happens to prices, but as something that happens to a paper currency.7"
"It is during this period [the era between the mid-1830s and the Civil War] that the word inflation begins to emerge in the literature, not in reference to something that happens to prices, but as something that happens to a paper currency.7"
The footnote doesn't contain any reference.