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What is inflation? How to avoid it and how to benefit from inflation.
🎞️ · 24.07.2022 · 18:52:24 ··· Sonntag ⭐ 0 🎬 0
📺 Easy Money
🎬 · 24.07.2022 · 18:52:24 ··· Sonntag
😎 · 03.07.2024 · 15:40:29 ··· MiTTwoch
So, what exactly is inflation? It is a phenomenon where a country goes from having a fixed exchange rate to an arbitrarily high one. It usually happens when the central bank tries to control inflation by printing money. Inflation is not applicable to the government sector since the only way they can print money is through taxes (since they cannot borrow from the market), but it applies to all other sectors, including private businesses as well.
Let’s say you are a small business owner, and you are struggling. Your bank just cut your interest rate abruptly, and now you have to pay for your loans at 3% instead of 5%, despite that your business suffered from 10% inflation per year in recent years. You will be unable to pay for your loans because of all your costs increased by 10%.
Let’s say you are one of those people who has always believed in free market and capitalism. You have thought of all the advantages of free markets over government intervention, but nonetheless, your business has been hit with this sudden switch in policy.
· 24.07.2022 · 18:52:24 ··· Sonntag
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