
TRC #654: What Is Inflation? + John von Neumann: The Man From The Future
The Reality Check
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What's the Case for Inflation?
The case for inflation is the opposite of deflation. That's become easier to pay off over time and those who loan money have an incentive to have you pay over a longer period of time. Whereas with deflation, all creditors will try to recoup their loans as fast as possible. At its worst, the inflation rate in Zimbabwe was about 80 billion percent per month.
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