People get overly caught up in the movement of a handful of basis points. They begin questioning if they should disrupt or reduce their entire financial and investing strategy based on fears. That's an example of this done wrong. And so my hope is that this episode allowed you to take a moment to be still, to zoom out, and to look at the concept of inflation through a wide angle lens.
#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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