1929: [Part 1] Inflation in 2022, the Rule of 72, and What to Do by Leif of Physician on Fire
Optimal Finance Daily - Financial Independence and Money Advice
00:00
The Benefits of Inflation
The federal reserve bank would like to see long term inflation of about two %. That should be enough to keep consumers buying, while only eroding purchasing power by 50%. Deflation, when things are getting cheaper to buy, has the opposite effect. The cure for high prices is high prices.
Play episode from 02:29
Transcript
