the.com/inflation
the slow magic trick where your money vanishes while still sitting in your wallet
means The general rise in prices over time, which steadily reduces how much each unit of your money can actually buy.
from From the Latin 'inflare,' meaning 'to blow into' or 'to inflate'—'in-' (into) plus 'flare' (to blow). The image is literal: a balloon swelling with air. For centuries it meant any kind of puffing-up or swelling, including bodily and rhetorical bloat. Its specifically monetary sense—prices and money supply ballooning together—took hold in economic English in the 19th century, especially in the United States, where the idea of currency 'inflated' beyond its backing made the metaphor stick.
- German nightmare
- 1923 prices doubled every four days in Weimar Germany
- Hidden tax
- Erodes savings without a single law being passed
- Zimbabwe record
- Issued a one-hundred-trillion-dollar banknote in 2008
- Origin word
- From Latin for swelling, like a balloon
- Fed target
- Central banks aim for two percent, not zero
zimbabwe dollar collapse 2008 — reached 89.7 sextillion percent annual inflation before currency abandoned
turkey lira crisis 2022 — annual inflation hit 61.5% in july 2022, highest in two decades