20221129 : inflation
I keep hearing the word "inflation" a hundred times everyday.. what is it? A meal has the same value it did last year, as now, as next year. A meal is an example, but everything in the world I think - nothing changes in value. Yes it costed less last year, costing something now and very very likely it will cost more next year. What is really happening is that the meal is not changing value (and becoming expensive), instead money is losing value and a meal is becoming expensive... The truth is the value of goods change. But I feel the intrinsic change of value is very minimal compared to increase in value because of price increase due to drop in money value. I know - there are probably tons and tons written about this and millions of books, but "inflation" is something I struggle to get my head around. Why do we have inflation? Why is money losing value? I am not very sure about this, but feel the main reason is because we have printed so much of it. I mean - anybod