You know how your parents always tell you about how cheap things were when they were kids? Well it's true, prices for literally everything have risen dramatically over the decades. Why? Because of something called inflation. What exactly is inflation? Why does it happen? Is it good or bad? What about deflation, what's that? Let's dig into the details! Script by Matt Beat: Animation by Ignacio Triana: Watch the whole Economics playlist: Mathematics Tutorials: American History Tutorials: History of Drugs Videos: General Chemistry Tutorials: Classical Physics Tutorials: EMAIL► ProfessorDaveExplains@gmail.com PATREON► Check out "Is This Wi-Fi Organic?", my book on disarming pseudoscience! Amazon: Bookshop:
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Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)