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S E28: Inflation - When money loses its value
Think Like An Economist
How Money Makes Life Simpler
Inflation seems really connected to money. Like if prices have been rising rapidly, then the money in my wallet is less valuable because i can't buy as much stuff with it. That's rate you migt buy more or less of what the typical person tends to buy on average. So when the news says inflation is one point eight %, it could actually be higher or lower for me, depending on what i usually buy.
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