Infaltion

Everyone in our society is dependent upon money. No matter much money they earn per year or how much they value the money they do have, money is still a necessity to have what would be considered a good life. When considering making an investment or planning out how to spend money it is necessary to consider the causes and effects of inflation in the past thirty years. Inflation can not be reversed but the …

…we have the extreme inflation such as in the seventies. In conclusion, I feel that inflation is just part of the economic cycle. There will be ups and downs. I think the key is to minimize the ups and downs and keep people from panicking. An ideal interest rate is one of about two or three percent. We are currently in a period of relatively low inflation. The question is, how long can it last?