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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

4 reviews about Inflation
review by . November 06, 2010
posted in Business Matters
Staying out of harm's way!
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 …
review by . March 31, 2011
Ideas to weather the coming storm
"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 …
review by . May 09, 2010
posted in Public Policy
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.   …
Quick Tip by . April 27, 2011
posted in Business Matters
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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