
Ep. 232 - Intro to Inflation
The Local Maximum with Max Sklar
00:00
The History of Sound Money in the United States
If there's 100% inflation that means that in one year I have half of my purchasing power. So if there's 2% inflation that's the kind of targeted rate that means that half my wealth stored in dollars is taken away every 35 years. You guys are smart you can work out the formula for yourself maybe I'll post it online at localmaxradio.com slash 232. Finally I want to talk about a little bit of the history of sound money in the U.S. so we've gone through here in the United States lots of periods of high inflation and low inflation how does that all stack up?
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