Jimmy Akin's Mysterious World cover image

The Mystery of Inflation (Pocketbook Pain!)

Jimmy Akin's Mysterious World

CHAPTER

What's the Price of a Jelly Bean?

In an economy, people use money as tokens of exchange for goods and services. Usually the money doesn't have any significant intrinsic value. Can you give us a simple, easy to understand example of how that works? Let's do a few mental experiments using a simplified economic system.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner