Zimbabwa's inflation rate topped 50 % per month, and it got worse from there. By november two thousand and eight, prices were doubling on average every 24 hours. Nothing like that has ever happened in the united states. Fears that some of us held during that time did not come to pass. We ended that recession and launched into a de ad of prosperity with a low inflation rate,. An 11 year bull run and an unprecedented flourishing of digital innovation over the last decade.
#365: Nearly every financial news story for the past several months has centered around inflation – but what, exactly, is inflation? What are its causes? What are its effects? How is it measured? What notable inflationary events have unfolded throughout history, and what can we learn from these?
In this episode, we peel back the layers of the onion in order to deepen our understanding of the concept of inflation. We discuss hyperinflation, biflation, stagflation; we discuss the CPI, the PPI, and core inflation. We discuss the demand-pull inflation, cost-push inflation and the wage-price spiral. We resist the temptation to make predictions about the future, choosing instead to focus on refining our understanding of the present.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode365
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