3min chapter

Jimmy Akin's Mysterious World cover image

The Mystery of Inflation (Pocketbook Pain!)

Jimmy Akin's Mysterious World

CHAPTER

How Computer Technology Is Getting Better

Inflation is caused when more money is put in circulation than the amount of goods and services. Couldn't you also fix inflation by simply growing the real economy so that the amounts of and services grows to match the money supply? In theory, yes. That's essentially what japan did in the 19 seventies. And we're blessed to live in a period in world history in which population growth and technological innovation have allowed the real economy to expandMore people means both more workers and more consumers, which increases the size of the real economy. Improved technology means productivity gains per worker, so that a single worker can provide more goods and ser es than before. These are great things, but you

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode