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Lunch » Tags » Finance » Reviews » Inflation

Inflation

8 Ratings: -4.0

The devaluation of money.

In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services; consequently, annual inflation is also … see full wiki

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4 reviews about Inflation

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review by Sharrie. November 06, 2010

posted in Business Matters

You've been robbed (big time)!

Inflation, a dirty word for politicians and economists. Yet, it's on almost everyone's mind these days, including some distant villagers in China. There have been many talks about this topic in the business world, be it from the academics, business leaders, employers, employees, real estate agents, or even children. Everyone knows inflation is an evil in one's life. It exists whether you like it or not. The point is you can't eradicate it, you can only … more

Comments (13) Compliments (96)

review by drifter51. March 31, 2011

Don't look now but prices are beginning to rise at a fairly rapid rate!

"Inflation is going to be serious". That is the sobering assessment offered by Wal-Mart US CEO Bill Simon during a recent meeting with the editorial board of USA Today. We have already started to see the evidence. Led by the biggest jump in food prices since 1974, inflation at the wholesale level soared 1.6% in February. And the likelihood is that it is going to get worse…..a lot worse! Many analysts are predicting price increases in the range of 2-3% per … more

Comments (12) Compliments (148)

review by coldsteel7. May 09, 2010

posted in Public Policy

Inflation is a hidden tax on everyone.

Taxation has a lot of names. It can be called a Tariff, Licensing Expense, Fee, Government Surcharge and more. Whether you are buying a fishing license or licensing a business, you are paying taxes for the privilege (things that used to be free). When I discussed the current tax situation, broken tax promises and coming new taxes in my previous reviews (like the Tax Day Examination of Taxation)...I overlooked an important hidden tax that affects rich and poor alike...inflation. … more

Comments (4) Compliments (36)

Quick Tip by Sharrie. April 27, 2011

posted in Business Matters

A Quick Tip by Sharrie

Interestingly, the only way to beat inflation is to spend those worthless money if you still have any of them left! Otherwise, be prepared for devaluation (if it's not already in progress!)!

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