MI Rewind: How to Beat Inflation w/ Joe Brown
The Intrinsic Value Podcast - The Investor’s Podcast Network
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The Cost of Living in the Monopoly Game
On today's show, Clay Fink is joined by Joe Brown to talk all about inflation. In the game of monopoly, a banker can double everybody's money and increase their purchasing power. But very quickly, it gets to the point where the cost of living outpaces that additional initial surge in purchasing power. And so what this demonstrates is that prices are just information, and they show the relationship between prices and how prices are measured.
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