https://padlet.com/a_dam/xyw824vdpqo2 Made with a taste for adventure en-us 2018-01-07 02:07:59 UTC 2023-05-20 03:58:34 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Growing.png a_dam https://padlet.com/a_dam/xyw824vdpqo2/wish/219115147 What is inflation? How does it affect money supply?

-by Adam Macneil

]]> 2018-01-07 02:10:14 UTC https://padlet.com/a_dam/xyw824vdpqo2/wish/219115147 a_dam https://padlet.com/a_dam/xyw824vdpqo2/wish/219115392 This video clearly defines the difference between regular, scheduled inflation and rapid inflation. As it turns out, inflation is a normal practice that the economy must undergo in order to keep things running smoothly. Inflation not only affects the common person, but also has a heavy influence on private corporations such as banks. In order to keep up with inflation, they, along with every other business has to make economic changes in order to keep up with the constant change. This results in banks giving out hefty loans, making it harder to save money. The best way to keep up with this increase is to make a separate savings account that keeps up with the change in economic inflation.]]> 2018-01-07 02:22:56 UTC https://padlet.com/a_dam/xyw824vdpqo2/wish/219115392 a_dam https://padlet.com/a_dam/xyw824vdpqo2/wish/219115534 While this comic is a bit exaggerated, it does still have an important meaning behind it. If we are not aware of the constant increase of inflation around us, then we cannot be prepared for the future. Economic inflation may be gradual, but it still has a solid impact over time, which can be especially damaging when large sums of money are on the line.]]> 2018-01-07 02:28:02 UTC https://padlet.com/a_dam/xyw824vdpqo2/wish/219115534 a_dam https://padlet.com/a_dam/xyw824vdpqo2/wish/219115659 This picture touches on the important fact that the economy must always learn and adapt from the constant effect of inflation. The production of goods and the creation of money must always be balanced.]]> 2018-01-07 02:33:01 UTC https://padlet.com/a_dam/xyw824vdpqo2/wish/219115659 a_dam https://padlet.com/a_dam/xyw824vdpqo2/wish/219117885 This video gives an in-depth definition of economic inflation. It touches on some of the pictures and articles mentioned in this padlet. As it is mentioned in this video, inflation can best be described as "too much money chasing too few goods". As it turns out, having enormous amounts of life savings can quickly become worthless. If the production of goods and services is matched with the purchases of the people, then inflation should be reduced. However, if a country's production and money creation do not match, then the cash ends up floating and becoming less and less valued.]]> 2018-01-07 03:24:02 UTC https://padlet.com/a_dam/xyw824vdpqo2/wish/219117885 a_dam https://padlet.com/a_dam/xyw824vdpqo2/wish/219117895 In 1923, a German woman is pictured burning money, as it is worth nothing in comparison to the cost for heating. This economic collapse is a prime example of hyperinflation.]]> 2018-01-07 03:24:37 UTC https://padlet.com/a_dam/xyw824vdpqo2/wish/219117895 a_dam https://padlet.com/a_dam/xyw824vdpqo2/wish/219117940 This video accurately explains the effects of inflation. As many people know, inflation rates cause the value of money to decrease over time. In this video, it is brought down to a small scale (the cost of a single burger) to make it easy to understand inflation growth. When this effect is reproduced with larger numbers, the reduction in a currency's worth is decreased significantly.]]> 2018-01-07 03:26:40 UTC https://padlet.com/a_dam/xyw824vdpqo2/wish/219117940 a_dam https://padlet.com/a_dam/xyw824vdpqo2/wish/219117964 This article talks about one of the most well-known economic collapses due to inflation in recent history. Following the first world war, Germany was forced to make reparations. In order to pay up to such a hefty fee, the government began to rapidly produce banknotes. However, its production and release could not match up to the country's production rate. Therefore, the economy collapsed, and money was worth virtually nothing. This is a prime example of what NOT to do in an economic crisis. ]]> 2018-01-07 03:28:05 UTC https://padlet.com/a_dam/xyw824vdpqo2/wish/219117964 a_dam https://padlet.com/a_dam/xyw824vdpqo2/wish/219117990 This article outlines the absolute worst cases of economic inflation over the past 100 years. I find that the most interesting part of this article is learning exactly HOW the economy crashed in each scenario. It is almost always due to exterior sources, war, or corruption. Looking at the trend, the effects of rapid inflation usually only lasts a few years. During this time, however, the population struggled immensely to adapt. To me, it is compelling to know the causes behind each of the collapses, and how our modern government can behave in order to avoid them. ]]> 2018-01-07 03:29:23 UTC https://padlet.com/a_dam/xyw824vdpqo2/wish/219117990 a_dam https://padlet.com/a_dam/xyw824vdpqo2/wish/219118059 This article explains in detail what it means to have inflation, as well as what the government should be doing to control it. Some of the methods are historically proved to work flawlessly, while others have no choice but to launch the country into a recession. For example, one of the most popular methods of controlling inflation is to hike the prices of wages and necessary payments in order to balance the economy. While this method can work in the long run, the immediate effects can be damaging. If the government isn't careful, it can result in a mass loss of jobs. In reading this article, I have learned that reduced spending is directly linked to inflation growth. If the economy is halted, then so is inflation growth.]]> 2018-01-07 03:33:20 UTC https://padlet.com/a_dam/xyw824vdpqo2/wish/219118059 a_dam https://padlet.com/a_dam/xyw824vdpqo2/wish/219118127 2018-01-07 03:36:10 UTC https://padlet.com/a_dam/xyw824vdpqo2/wish/219118127