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TIP514: Permanent Supply Chain Disruptions That Will Sink the Economy w/ Jim Rickards
We Study Billionaires - The Investor’s Podcast Network
How Does a Low Rate of Inflation Reduce the Value of the Dollar?
Stephen Fester: Inflation, even at its average rate of around 3%, cuts a dollar in half in about 23 years. He says the value of your dollar has been cut by 84% from birth to the age of 36 with 6% inflation. Even 2% inflation cuts it in half in 35 years, half again in 35 yearsAverage is not that high; I have no idea why central banks think that's the target rate. Stephen Fester: Gold will serve you very well through those cycles if the Fed decides to print money to get out of the recession,. Then the inflation come back like a pendulum once again.
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