The Inflationary Coin Bank: Ways to Make Money With Inflation
Inflation is the general rise in prices in an economy over a specified period. The Federal Reserve typically targets a low and stable rate of inflation of about 2%, which can signify a growing economy. But inflation can creep into the double digits as a result of economic shocks. Inflation has fluctuated throughout history. During the 1970s and 1980s, prices increased from 10% to 15% in some years. Since then, inflation has cooled off. In the 2000s, inflation rates fluctuated between 2% and 5%, while in the 2010s, inflation hovered between 0% and 2%. In other words, prices have been remarkably stable in the recent past compared to other times in history. Recently, however, inflation has reentered the conversation. For the 12 months that ended in July 2021, inflation clocked in at 5.4%, one of the highest rates in many years. Then how do people earn during inflation? It is best to ask rich people because they always manage to get money out of every situation.
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