::  Posts  ::  RSS  ::  ◂◂RSS  ::  Contact

Why Does Inflation Matter?

 January 11th, 2013
money, inflation  [html]
If we switched to a new currency, decidollars, where every price was numerically 10x higher but wages were also 10x higher, that would be a bit annoying as we adjusted our expectations, but would it matter? How is this different from inflation? Couldn't I spend my whole life thinking in 2010-dollars, internally adjusting everything for inflation? What do nominal amounts affect?

Comment via: google plus, facebook

Recent posts on blogs I like:

The Private Sector’s Role in Transit Innovation

The United States has long had private success and public failure – not just the sense of private affluence and public squalor, in which household income is high but the state of public services lags, but also in that the private sector is more productive…

via Pedestrian Observations June 17, 2019

Unintended pregnancy in folk songs

I’ve been listening to a lot of the Watersons and Waterson:Carthy this week. It’s reminded me how absolutely full British folk music is of songs about unintended pregnancy. Most commonly the result is unhappy motherhood: “But if I had kent that I now ken …

via The whole sky June 1, 2019

Programmer migration patterns

I made a little flow chart of mainstream programming languages and how programmers seem to move from one to another. There's a more common kind of chart, which shows how the languages themselves evolved. I didn't want to show the point of view of …

via apenwarr March 18, 2019

more     (via openring)

More Posts:

  ::  Posts  ::  RSS  ::  ◂◂RSS  ::  Contact