What Is Inflation

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Inflation, it’s a big word. What does it mean? I’m here to give you a simple talk, hopefully no longer than one paragraph. So here goes…

How does money become so worthless that you can’t buy anything with it? Governments have more money printed to meet the wants and needs of the country. During campaigning politicians make promises they can not afford to fill without either raising taxes or printing money. When money becomes less valuable, because there is more of it, people demand to be paid more. When wages go up, product cost rises. When cost rises, the whole spiral begins again. My art teacher, an older lady, told me when she was a kid, she could go to a movie, get popcorn 🍿, and a drink for only a quarter.

Here is a kid friendly, 5 minute youtube video that explains it pretty clearly.

to my mom who helped me summarize.

Published by brainchildgalore

I am an art enthusiast who loves many forms of art such as watercolor, drawing, writing, and much more. Here on my blog, I try to show a snippet of my hobbies and artistic endeavors. My life vision is to turn everything into an artistic version of itself, living a life that allows me to be the person God made me to be, and do my best work. Quote of the month "To see the person you will be in 5 years, examine the books you read, the TV shows you watch, and the friends you keep. They will show you a reflection of your future." - a wise person.

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