Phanie

“Money is simply a device to measure the value of things. We can't eat it or shelter in it. It's not entertaining or delicious. If we print more, we haven't created any more wealth; we've merely diluted the value of the money. Hence inflation.”
― Liam Dann, BBQ Economics: How money works and why it matters

“When it comes to rising shopping bills, inflation is the villain of the piece. Although, as we've seen with the myriad influences on pricing, inflation isn't really a price setter. It's a price changer. Inflation is more specifically an influence on the value of money. It steals value from you by diminishing the purchasing power of the cash in your hand.”
― Liam Dann, BBQ Economics: How money works and why it matters

“Deflation means the value of a dollar is rising too fast instead of failing. It effectively means the price of things is going down. Of course, the idea that failing prices are a bad thing seems counterintuitive. But the problem is that when people expect prices to fall, this can create a recessionary spiral.”
― Liam Dann, BBQ Economics: How money works and why it matters

“We humans like a dichotomy; we're fans of a binary choice. It keeps things tidy. Deep down, we know the world is more complex. But it's much harder to visualize the three0dimensional matrix that truly incorporates all the choices and variables that shape our lives.”
― Liam Dann, BBQ Economics: How money works and why it matters