[ad_1]
All episodes of Planet Money Summer School can be found here.
Inflation can be one of the most terrifying forces in the economy: Prices are rising all around you, decisions become more chaotic, your money becomes less available, and you feel poorer, all without your control.
We got you.
Inflation is when too much money in the economy chases too many free goods and services, driving up prices. Inflation also undermines our collective confidence in the economy as a whole. When the value of our money is uncertain, our behavior becomes equally uncertain.
In this week’s course, we travel to a time and place where we can clearly see how inflation works. We also see what didn’t work and what finally worked in today’s course. We travel to Brazil, where a decade-long period of hyperinflation threatens one of the world’s largest economies. In their time of need, the country turns to an unlikely group of heroes: four drinking buddies.
We cover:
- Inflation and Hyperinflation
- Money Printing/Money Supply
- Wage-price spiral
Summer Economic Song: Each week, we pick some of our favorites and add them to Our PlaylistRecommend your favorites on social media. Be sure to use #PMSummerschool.
At Planet Money Summer School, phones are allowed during class. Check out this week’s PM Tik Tok!
music: Lost situation, Surf School Dropout, Sorry I kept you up., Funkland, Cold Psychedelic & A Me Mi Like II Large
Find us: twitter / Facebook / Instagram / Tik Tok
Subscribe to our show Apple Podcasts, Pocket casting and NPR One.
Want extra points? Subscribe to Planet Money communication
[ad_2]
Source link
