Chapter
The Pros and Cons of a Moderate Level of Inflation
2:57:38 - 3:02:13 (04:35)
A moderate level of inflation can encourage the usage of money, but it can also undermine its value. While it's important to limit government money creation, private bank money creation can lead to unintended consequences.
Clips
The moderate level of inflation can encourage the usage of money as a means of exchange, but it undermines the store of value usage of money.
2:57:38 - 3:02:13 (04:35)
inflation
Summary
The moderate level of inflation can encourage the usage of money as a means of exchange, but it undermines the store of value usage of money. The level of effective commerce is positively impacted by a bit of inflation, but it matters to get money creation right because the government is not the only money creator.