Welcome to the, MONEY playlist of the Talking with Tarashuk Podcast. You will find a plethora of clips and full podcasts from the full library of the Talking with Tarashuk podcast. All of the content on this feed is related to money, finance, the economy, investing stocks, etc. If you want to be a guest and talk about money shoot me an email at will@apspodcast.com
episode 71: Why Inflation Happens and Why Deflation is Worse: Explained by Financial Expert Steve Sosnick
Steve Sosnick and I discuss the concept of inflation and its impact on our economy. We explain how the increase in the amount of money being printed can lead to a decrease in the value of each dollar, which is known as inflation. Steve also highlights how the discovery of gold by the conquistadors in the early 1500s caused massive inflation due to the sudden influx of gold.
The conversation delves deeper into the reasons why inflation is necessary in a debt-driven world, as it incentivizes borrowing of money. However, excessive inflation can lead to a decrease in people's living standards and lenders becoming hesitant to keep lending too much money. On the other hand, deflation can be worse as it leads to paying back more money than you borrowed in real terms.
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Watch the full episode here: https://youtu.be/xhS6srX5uwk
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