You might’ve heard your grandparents talk about how the prices of goods and services used to be way cheaper, and you might have imagined how great it would’ve been to pay 5 cents for a cup of coffee or even...
If the low yield on your CD or savings account isn’t even beating inflation, it might be time to take a look at I Bonds. Read on to learn more about how you can beat inflation and get a better return with this financial instrument.
Every month the government releases the consumer price indices, and every month a chorus of skeptics fill the blogosphere with doubts about their accuracy, claiming that they understate inflation. Here’s we look at the myths and facts about the CPI.
There was a time when you could have bought a Super Bowl ticket for just $20. Granted, we’re talking about the 1970s. But even in 2010 dollars, $20 in 1976 would equal $76.65. Talk about inflation! In this slideshow, we look at Super Bowl tickets — and their prices — through the years.
President Obama’s stimulus bill is a reminder of how creative our government can be when injecting cash into our economy. However, many are not aware of exactly how and where the money comes and goes. The government does not simply dump billions of dollars into the system and inflation and deflation are some magical by-products — in reality, money is distributed to specific groups at specific times for specific reasons. Today we will examine some of the basic ways that our government puts money into the economy, including some specifics of the recent stimulus package.
The world’s major economic powers are all suffering from the economic downturn but even the most cynical doomsayer is sure we’ll get ourselves out of this mess—eventually. Rare are those instances in which entire economies are disrupted to the point – typically as a result of rampant inflation, or hyper inflation – that an entire form of currency is discarded, reformed or replaced. There are invariably external issues (military, political, etc) at play, which result in what can generally be referred to the ‘failure of a currency’, and each situation is unique. The following is a list of nine notable examples in which currencies became so devalued that they were eventually replaced.