The Cost of Inflation: History Shows Inflation Erodes More Than the Value of Money
Estimated Reading Time: 5 minutes
Across the world, people are struggling under the specter of inflation. In Venezuela, the inflation rate is 360 percent. In Argentina, it’s 160 percent. In Turkey, inflation is about 50 percent, about 10 percent higher than its neighbor Iran. In Europe, inflation of the euro has finally cooled to about 3 percent, down from more than 10 percent a year […]