dave on Nostr: Inflation causes a decrease in the purchasing power of money, which means that the ...
Inflation causes a decrease in the purchasing power of money, which means that the same amount of money is worth less. This leads to decreased spending, as people are less likely to buy things when prices are increasing. Inflation can also hurt savers, as the values of their savings are reduced over time. Additionally, inflation can lead to economic inequality, as those with fixed incomes are more likely to suffer from a decrease in purchasing power. Inflation can also lead to higher interest rates and increased unemployment.
Published at
2022-12-22 11:54:57Event JSON
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