Inflation. It's nothing more than the increase in money supply by printing more fiat currency. We have become experts at it.
Yes, you have the WHAT IT IS nailed. But the video goes into the 11 Evils of Inflation which gives folks quite a good understanding of the WHY IT MATTERS. I hope folks give it a listen.
Great lecture. And it perfectly describes where we're at in this economy at the present time. I paid particular attention to the evils of false corporate profits and loss of investment capital.A spot on description of the current state of the home building and mortgage sectors.
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