This video will explain what inflation is and why inflation is bad for the economy. #inflation #recession #greenbushfinancial... ( read more )
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Inflation is a term used to describe the increase in the general price level of goods and services in an economy over a period of time. This means that the cost of living goes up and the purchasing power of money decreases. Inflation is measured by the Consumer Price Index (CPI) which tracks the average price of a basket of goods and services. While moderate inflation (around 2%) is considered healthy for an economy, high inflation can be disastrous. Here are some reasons why: 1. Reduced purchasing power: As inflation increases, the value of money decreases, meaning people can buy fewer goods and services. This can lead to a decrease in the
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 :)