Facts about Inflation
I believe this should be a topic taught to children from middle school, and everybody should be aware of how it can affect their life in the future.
Obviously, the most affected people are middle-class and poor people.
Below are some facts about inflation.
- Inflation leads to a recession.
- Inflation caused governments to fall and dictators to take control, which had disastrous consequences for the world, for example, Germany.
- It erodes the wealth of households like slow poison.
- Unemployment rates drop before inflation starts.
See details in the below video.