6 questions you missed in the last 30 days. Answer one correctly and it leaves this list.
Freeing prices caused a one-time jump. Prices stopped rising year after year once new money stopped paying the government’s bills.
What matters is prices compared with income. If both double, your pay buys the same, though cash you saved now buys half as much.
Surprise inflation shrinks the value of money. Fixed-rate borrowers repay in cheaper money and gain; people holding cash lose.
Less supply and the same demand means buyers compete for fewer oranges, so the price rises until they are shared out.
A price held below the market rate raises the amount people want and lowers the amount offered. The gap is a shortage.
No planner can know what millions of people know. A rising price tells everyone to economise, without anyone needing to know why.