Sunday, July 5, 2009

Duck Tales Inflation Lesson

Duck Tales Inflation Lesson :

An episode of Duck Tales dealing with the negative consequences of inflation.
Inflation happens when the cost of goods and services in the marketplace all go up at once. There are two main types of inflation: Demand-pull inflation, and cost-push inflation. Demand-pull inflation happens when people's incomes rise, but the amount of goods and services in the marketplace remain the same. Because people have more money to spend, they are willing to pay more for goods and services. In other words, the total demand will go up, which will cause prices to rise. Demand-pull inflation instead has been described as "more money chasing the same amount of goods." Cost-push inflation happens when the cost of producing the item goes up. This means that the total supply for an item goes down, and again prices rise. the FED will certainly cause a Hyperinflation like that of Zimbabwe Argentina or Yugoslavia if it continues to flood the market place with paper money printed out of thin air and backed by nothing...
for more information visit www.mises.org
Tags:
ron paul inflation economics freedom liberty federal reserve counterfeit money banking government congress

The only way to keep money at home is to spend it on prostitutes and beer Marc Faber


Quote By Marc Faber
“The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer/software it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I’ve been doing my part.” June 2008 by Marc Faber

LinkWithin

Related Posts Plugin for WordPress, Blogger...