If You Have Any Money, It’s About to Lose (A Lot) of Value
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The Simplest Way to Think About Inflation Versus Deflation
When you hear inflation, that translates to demand for products and services. When you hear deflation, that translates to less demand for products and services.
When there is more demand for products and services, prices go up and so does inflation. When there is less demand for products and services, prices go down to create more demand again.
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Spending Vs Not Spending Your Money
If you know your money is worth less in the future then you’ll spend it now.
If you know your money is worth more in the future you won’t spend it.
When people spend their money on products and services then inflation occurs. Businesses revenues go up slightly more — thanks to inflation — and that means they can afford to pay their employees slightly more each year.
When people don’t spend money, deflation occurs. Deflation typically happens around or during a recession.
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Printing Money
Governments can print money out of thin air. When you hear that stimulus checks are going to be handed out, that’s just secret handshake talk for “printing money.”
Printing more money should make people spend more. But what if it doesn’t? When people are fearful like they are right now, they typically want to save their money.
Printing money is pointless if it doesn’t get spent. And if a government prints too much money then they create hyper-inflation like what happened in Venezuela when their currency inflated 1,700,000% in 2018.
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