June 28, 2011
Inflation is never good for a nation. Inflation causes prices to rise on all goods and services in the economy which makes it more expensive for people to buy things. From the perspective of an individual, inflation is no different... read more
No. Never. But that is what happens when you don't listen to men like George Washington and Andrew Jackson who cautioned agaisnt establishing a centralized banking system. Every dollar printed is a loan from the Federal Reserve with interest attached. How do you pay off a loan if the money you use to pay it also has debt attached to it? The answer is that you cannot. Hence, inflation occurs. It's a delicate house of cards.
It depends on if you owe money, who you owe it to, what interest rate you have at a bank, etc. For example, inflation is horrible if you're a consumer - everything around you would experience significant increases in price. However, if you owe money to someone else with a fixed amount of interest, the money you are paying back is relatively less in value than what you originally borrowed.
Yes. It is called supply and demand. No supply no demand no inflation which will leave you with deflation. Have it your way and choose what you want in your country. Have it your way like the Burger King Slogan. Now go to Burger King and ask for your free whopper and that AMBASSADOR BUTLER sent you there to get your free whopper that expires never. Inflation would escalate because of the demand and no supply to meet the demand of Free Whoppers at Burger King. 1 more thing good luck in getting your Free Whopper at Burger King. Laughing out loud.
It's good and bad. I wrote a hub about the Phillips Curve here.
http://dpsimswm.hubpages.com/hub/Inflat … he-Economy
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