Friday, June 18, 2021

Inflation

Since everyone's talking about inflation these days, it's good to understand it. Inflation does not mean "prices going up." And the Federal Reserve, who prints all of the money, thereby decreasing the value of the dollar (i.e. your wealth, what you can afford, what you accrue for your progeny, etc.), is not 'the government' - they're a private entity. A good book to better understand money, the Federal Reserve, and, well, those who rule you, is "The Creature From Jekyll Island." But just sticking to understanding inflation, here's a useful video: