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Iowa |
I have a bit of formal economic education, and every economist who taught me always taught that the value of ANYTHING, including money, was based on it's rarity. The rarer something is, the more it's worth. So, when money is printed, there is more of it, hence it has less value. That means it takes more of it to buy the same item. That is the perfect definition of inflation.
My pea-sized brain is not worrying at all about deflation. Are some things cyclical? Absolutely, so some things will have both higher and lower value over time. But deflation? I am too "slow" to see how that's a worry. | |
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What happens if inflation takes off?
