Chapter 10 - Inflation

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Chapter 10 - Inflation

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Category:Economy, Energy, Environment » Crash Course

Title:Chapter 10 - Inflation

Description:Chapter 10 (Inflation): Dr. Martenson establishes inflation as a monetary phenomenon, defined as the decrease of the value of money, caused by too much money around in relation to goods and services. From 1665 to 1776, 111 years, there was absolutely no inflation. From 1665 to 1905, 240 years, the cost of living stayed roughly the same, aside from brief jumps during wars. Unfortunately for us, there was no settling in terms of inflation after World War I or World War II. The military apparatus was not dismantled, and inflation has accelerated to astonishingly high levels. Click below for Chapter 11 - How Much is a Trillion

Website (URL):http://www.holisticliving.co.nz/members/holisticliving/video...

Uploaded By:PeacefulWarrior

Date Added:2009-04-24 06:11:06