| DeereMan97 - 5/31/2024 21:13 You hear a lot of conflicting information on what is "good" and what is "bad" when it comes to inflation. People try to tell you that inflation is a good thing because it's the sign of a "growing" economy and that it increases the value of owned assets. This is true in a sense.
Inflation does NOT increase the value of owned assets. Inflation decreases the value of the USD which gives the illusion that assets are going up in value. Reality is that the dollar is just worth less, someday it might even be worthless.
No matter how many $'s it currently sells for, a 20 year old tractor with 10,000 hours on it is not worth more today than it was 10 years ago with 5000 hours on it.
|
Inflation and recession.
