There’s a lot of confusion and anxiety about inflation in today’s world. In this episode, the first in a two-part special, Brian takes a deep dive into inflation and explains why we need to cut through the noise and understand the truth about it if we want to live the good life.
YOU WILL LEARN:
•The two causes of inflation.
•The main phases of inflation.
•The principal consequences of inflation.
NOTEWORTHY QUOTES FROM THIS EPISODE:
“If you have a 3% hole in a 5-gallon bucket, eventually the bucket is going to be completely empty.” – Brian Buffini
“Most people are not too into economics or economic theory until such time as it starts to affect them personally.” – Brian Buffini
“Since inflation was first recorded, there are only two reasons for inflation: government spending and government monetary policy, which is printing more money.” – Brian Buffini
“Right now, we have too much money chasing too few goods.” – Brian Buffini
“Inflation is when you pay $15 for the $10 haircut you used to get for $5 when you had hair.” – Sam Ewing
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