Explain Inflation Like A Ninja. @DavidStOnge #474
Once Bitten! A Bitcoin Podcast.
Unraveling the Impact of Inflation on Purchasing Power
The chapter explores inflation targets, focusing on a 2.5% target while delving into the concept of inflation and its effects on currency purchasing power. It discusses how the Consumer Price Index is manipulated, the discrepancy between money supply and calculated inflation rates, and the impact of economic growth and stock market behavior. The conversation also includes insights on Modern Monetary Theory, Bitcoin as a solution, consequences of endless money printing, and the devaluation of money in the current financial system.
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