Part three of a four-part series on how inflation is measured. We'll start in the 19 twenties with the german weimar republic. Germany financed world war won by borrowing heavily and printing huge amounts of unbacked currency. By 19 22, many citizens were starting to get rid of their paper assets,. And convert it into tangible assets, pianos, diamonds, pieces of art, real estate.
#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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