7 - Inflation and Bubbles and Tulips

.Inflation and Bubbles and Tulips - CrCo > .

22-10-28 How China Is Helping to Reduce Inflation - Patrick Boyle > .

22-1-15 Why Turkey Is Not Fixing It's Hyperinflation Problem - EcEx > .

2021 Hyperinflation is Already Here – You Just Haven't Realised It Yet - EcEx > .

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2021 Economist Responds to "Inflation is Already Here" - Money & Macro > .

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0:00​ - introduction
1:57 - is the US like Weimar?
13:07​ - when is hyperinflation unstoppable?
18:50 - is the US special?
20:27 - how to protect yourself

2020 Modern Monetary Theory: Answer All Of Our Economic Problems? - EcEx > .

1923: Hyperinflation | Weimar Germany - long, long > .

'79-'90 Margaret Thatcher's Monetarism - Learning > .

1961-2021 Highest National Inflation Rate > .

Economics - CrCo >> .

Economics - Primer >> .

● Economic Principles ..

Economic Recessions and Recoveries ..

Inflation ..

Mid-COVID Inflation - 2021 → 

MMT - Modern Monetary Theory ..

Monetarism ..

Ordoliberalism (Wirtschaftswunder) ..

Recession, Depression ..

Shelter Index ..

Stagflation ..

Stimulus Impacts ..

1) Purchasing power - the amount of physical goods and services that can be bought by a given amount of money.
a. Consumer price index (CPI) - a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically.
b. "Real" means that prices from the past has been adjusted for inflation. Nominal means a price from the past that hasn't been adjusted for inflation. So the highest "nominal" box office receipts list is quite different.
c. Since we have to keep the market basket constant over time, a traditional CPI won't adjust for either new products or increases in product quality.

2) Inflation - an increase in a currency supply relative to the number of people using it, resulting in rising prices of goods and services over time.
a. Demand pull inflation - too much money chasing too few goods.

3) Bubbles - a market phenomenon characterized by surges in asset prices to levels significantly above the fundamental value of that asset.
a. Speculation - trading a financial instrument involving high risk, in expectation of significant returns.