The Great Inflation of the 1970s was a period of economic turbulence that impacted the United States and other advanced economies. This decade-long era of persistently high inflation rates reshaped economic policies and challenged long-held beliefs about monetary management. To understand this complex phenomenon, we must examine the factors that contributed to its emergence and […]
What Caused the Great Inflation of the 1970s? Read More »
The rate at which the cost of goods and services increases over time is referred to as inflation. It may significantly affect a person’s ability to buy things, and their financial security as wages have deteriorating buying power. Several experts have issued warnings about increasing inflation and offered advice on how to fend off its
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During times of inflation most physical asset classes go up in value. Overall the rich most benefit from inflation as they tend to own the highest share of assets as a financial class of people. Many times the rich also use debt for leverage and inflation also depreciates the monetary value of that legacy debt.
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“Inflation is a very serious subject, you can argue it’s the way democracies die.” – Charlie Munger Charlie Munger goes on to explain the political dangers of hyper-inflation running too high in a country. “What brought in Hitler was the combination of the Weimer inflation, where they utterly destroyed the savings of the middle class
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Warren Buffett battled inflation in the late 1970s and early 1980s and also observed the long term effect consistent inflation has on consumer buying power, investments, savings, and companies expenses. Here are his insights on both investing and personal finance during inflationary environments. Warren Buffett Inflation Advice “If we dropped $1 million dollars of cash
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Here are the following inflation rates year over year as of October 2021: All items totaled: +6.2% Total food +5.3% Food at home +5.4% Food away from home +5.3% Total energy +30.0% Energy commodities +49.5% Gasoline (all types) +49.6% Fuel oil +59.1% Energy services +11.2% Electricity 6.5% Utility: piped gas service +28.1% All items excluding
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What is the current national debt? The current national debt in June 2021 for the United States is approximately $28.4 trillion U.S. dollars. This is more than $3.2 trillion from a year ago, when it was approximately $24.9 trillion U.S. dollars. This debt increases the amount of U.S. dollars in circulation and can cause inflation
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“With an asset like gold, for example, you know, basically gold is a way of going long on fear, and it’s been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in the year or two years than they are now.
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This is a Video Guest post by AK of Fallible. Is gold a good hedge against hyperinflation? Or is gold useless? In this video we’ll be responding to a question I got asked in another video regarding Gold and how effective it is as a tool to hedge against hyperinflation. We’ll also be talking about
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This is a Guest Post by AK of Fallible. In this video we discuss inflation — what it is, and why it matters. Inflation rates are important! I promise…. For more on inflation and the Fed, check out this playlist https://www.youtube.com/watch?v=MIYF-cp7c54&list=PLZWbVSavQFXSSy0qFLXbdlcAika7y9hRM ***All content, opinions, and commentary by Fallible is intended for general information and educational
The Danger of Inflation Explained Read More »