2006-12-02 11:45:07 · 4 answers · asked by JOEG 1 in Business & Finance ➔ Personal Finance
I assume you are talking about inflation. Inflation is a rise of the general level of price for goods and/or services. The rise of the prices level cause money to lose it's buying power, and your money won't be able to allow you to buy the same amount of goods/services in the past.
The general view is that inflation is caused by the the interaction between money supply, interest rate and product/services output.
Something i read along this subject : "Americans are getting stronger everyday. 30 years ago, it takes 2 adults to carry 10 dollars worth of groceries. Now a 5 year old can do it"
Cheers,
Ed
2006-12-02 12:32:20 · answer #1 · answered by tpu76 1 · 0⤊ 0⤋
Every time some numbskull gets paid too much to do too little.
Every time some numbskull pays too much for receiving too little.
Every time some numbskull prints money instead of earning it.
Flooding our sconomic system with useless junk does it too.
2006-12-02 20:38:14 · answer #2 · answered by Lobster Dinosaur 3 · 1⤊ 0⤋
When it is in an account whose rate of return is less than the rate of inflation.
2006-12-02 19:53:17 · answer #3 · answered by kate 7 · 2⤊ 0⤋
When you want for nothing.
2006-12-02 19:48:37 · answer #4 · answered by luvguns2002 3 · 0⤊ 0⤋