It's said that if the inductor is connected to the alternating voltage source, alternating current will be created in the circuit. Changing magnetic flux through the inductor will induce a voltage as given by the Faraday's law : $$ V(t) = L \frac {dI}{dt} $$
It seems that there are two voltages at the inductor, one of the source (as the inductor is connected to the voltage source) and the induced one. They are of the opposite polarities, but the same magnitude at every point in time. If so, how can current flow in such a circuit?