What is Inflation?
Economy | Information | History | Online | Facts | World | Global | Money
Economists constantly refer to inflation and tend to suggest it is a Very Bad Thing. But why exactly, where does it come from and what could one do to tame it? Please subscribe here: http://tinyurl.com/o28mut7 If you like our films take a look at our shop (we ship worldwide): http://www.theschooloflife.com/shop/all/ Brought to you by http://www.theschooloflife.com Produced in collaboration with Vale Productions http://www.valeproductions.co.uk Music Lanquidity by http://www.purple-planet.com
Comments
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RUBBISH, governments cannot print money or it will ruin the economy of the Bank money. which is what we use. So unless they want Britain to break free from the CLUTCHES of the bank they themselves CANNOT PRINT MONEY BANKS SIMPLY WONT ALLOW IT
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wonder when he was just gonna say this economic system sucks.
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Its all because of government bond. Rewarding the rich system. giving more money proportion to their wealth.
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the key is tech/ more cheaper production!
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Greed drives the whole process. Because demand is higher does not necessitate the need for higher prices. It is pure and utter opportunism driven by money lust that increases the price. If there is not enough of a particular good to go around at any given time then it is tough titties for those who miss out. They can get the good when the new batch is produced. It is called patience and learning as was aptly stated by the Rolling Stones song "You Can't Always Get What You Want!!!""
Prices should be set with a profit cap of 100% maximum of the total cost of the item at the point of sale. Wages should be capped on a percentage basis relative to the sale price or something like that. If the total cost of a litre of fuel is 20 cents to extract, refine, transport and deliver etc.(this is only an example) then it should not be allowed to be sold for any more than 40 cents. Prices should be based on and determined by the costs of production and delivery. -
How does raising or lowering taxes affect inflation? Didn't really get that part. Taxing the rich instead of giving them tax cuts, how is this a bad thing?
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Should I keep my money in a savings or checking account?
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money ain't real wealth, real wealth is still the basics, healthy good food, adequate modest shelter enough to keep you from the elements, and clean drinking water, and obviously adequate DURABLE clothing. Indigenous people all over the world knew how to do this. And on the topic of longevity? That's debatable. Who says dyeing at 35 from now preventable diseases is such a bad thing? It's natural. We were better off without modernity. I plan on dropping out of society with a shit load of cash advances on credit cards I have and will get and living like a pioneer secretly in a forest somewhere, i know i will . :)
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You forgot the main reason for inflation: GREED
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Can you explain why gold does not inflate? Inflation ONLY happen because government prints money, gold did never face inflation because it can't be printed, printing money is just theft from the people's savings
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Why is there no REAL solution? GREED of evil mankind. We are ALL TWICE as POOR in the last 5 years. Except THE 1%. - FACT. THEY will supply us with MORE AND MORE, whilst taking MORE AND MORE from the environment, and ARE ultimately PAYING us LESS, BUT COSTING US MORE !
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The whole idea is bad. It's controlled by people who don't care whether we eat or starve. It's no tricky economic model. It's IRRESPONSIBLE CORPORATE ELITIST BEHAVIOUR. IT is NOT COMPLEX. It's a HUMAN CONDITION. This is NON SENSE
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Ins't it funny how Inflation also keeps up with technological development coincidentally cancelling the net effect thus leaving people with a zero sum game that leads people to need to work the same hours as 100 years ago?
About the same time the foundation of the Federal Reserve in USA?
I find it funny. -
the problem is there's groups of ppl whom are controlling the economy, the economy should be as free as possible with as little regulation as possible(some regulation is good such as not letting company dump into rivers, etc..). essentially the economy is the people and the people are the economy, when you go out side that flow you disrupt the natural balance of the economy(like printing money out of thin air, or artificially controlling the value of something that should be controlled by us the people)
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rates rent
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number of of circumstances apply to this inflation price pushing rates unemployment
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Thank you The School of Life, I now know what to do...
I will spend all of my life savings on jelly beans, and one day, I may become a millionaire. -
Government forces us to use 1 type of (fiat) currency. Government parasite bleeds 50% of people's productivity. Government prints money of the forced type of currency it requires people to use. Government over regulates and taxes raising the cost of goods exponentially. Sounds like the government is the problem.
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Inflation is caused by greed, and now it is being accelerated by the lack of clean fresh water. There is no economy without a plentiful water supply. Water to give to workers, live stock, crops, maintenance, and construction. Inflation is caused by selfish, ignorant people that take and never give. We should be pulling ocean water into desalinization reservoirs en mass which would solve our global water shortage and arrest sea level rise. Sounds good, but I'm probably wrong, nobody listens to a dishwasher.
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At 7:04 when he says "ideally we'd keep a fixed amount of money for a fixed amount of goods", would inflation be relatively harmless in this "ideal" scenario? For example if someone secretly counterfeited 10% of the global money supply would their massive theft go relatively unnoticed?
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