TRC #654: What Is Inflation? + John von Neumann: The Man From The Future
The Reality Check
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Is Your Spending My Wages?
There are several pros and cons to both inflation and deflation. The majority of economists will prefer a small inflation rate, usually 2%. It would be awesome for you, me and everyone else if everything got cheaper. Fewer investments means less research and development, and the available goods and services will be worse.
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