Inflation and value of money
- Inflation leads to a decline in the value of money. “Inflation means that your money won’t buy as much today as you could yesterday.”
- If the prices of goods rise. the same amount of money will purchase a smaller quantity of goods.
41
263 reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
How to challenge assumptions
How to generate new ideas
How to break out of traditional thinking patterns
Related collections
Similar ideas to Inflation and value of money
Demand shock
Demand shocks occur when the demand for products drops as people stop earning money. A tactic to fix this is to stimulate the economy. In 2008, Australia gave households cash and encouraged them to spend to jumpstart the economy.
In 2020, the problem is also a lac...
Gold, psychology, and society
If the modern paper-money economy were to collapse, we would fall back to gold.
- People need to find ways of working together, which leads us to find ways of exchanging goods and services.
- Gold is the logical choice of this exchange as it is one of the only substances on eart...
Material things and the value of time
An irony of modern society is that many people work more to have more money to buy more stuff, but because they have so much stuff, they need more money, which means they have to work more, which means they have less time. To escape this vicious cycle:
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates