How Inflation has Been Robbing You of Your Money
How far does $20 get you these days? Not very far. If you have noticed that your shopping cart is getting emptier each year, then feel at ease because it is not all in your head. There is a way to measure these things, and that is through the Consumer Price Index. If you have ever wondered how they can determine the inflation rate in the country, it is through the CPI. Using CPI to determine changes in price. The CPI is defined as a "measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." To measure the index, we....
Related News
The Ethereum supply has experienced an uncharacteristic uptick in the space of a month, raising concerns about the cryptocurrency’s inflation risk among ETH investors and community members. Ethereum Inflation Crisis Since the beginning of 2023, Ethereum, the world’s second-largest cryptocurrency has experienced fluctuating inflation rates in ETH’s money supply. According to the Ultrasound Money website, […]
Among the many reasons Bitcoin turned bullish in 2020, was primarily due to the sudden fear of inflation caused by unprecedented money printing. Each new round of stimulus money resulted in yet another massive rally in the cryptocurrency, helping fuel its rise from $3,000 to over $34,000. Inflation expectation has been in decline ever since […]
“The brutal or inspiring truth... is that the more you put in, the more you get out.” Like many people in crypto, Sam Bankman-Fried is in it for the money. As the founder of quant trading firm Alameda Research, exchange FTX and DeFi protocol Serum, the curly haired 28-year-old has amassed a $10 billion fortune in just three years in the industry.Unlike most people in crypto though, he’s building up a fortune in order to give half of it away. An effective altruist hes essentially robbing from the rich, via his preternatural crypto trading strategies, in order to give to the poor.“Maybe....
Inflation is one of those read-the-small-print kind of taxes that people don’t often think about even though it can have a major impact on their finances and, thereby, on their lives. Rising long-term inflation is more insidious than you might think because it can steadily and most assuredly decrease the value of your earnings/savings – especially, if your taxes aren’t indexed to compensate you for the cost of inflation. Inflation has always been the bane of many businesses and individuals alike. One thing is clear: something needs to be done. If cryptocurrency, perhaps Bitcoin, was....
The current US inflation data has thrown a great tantrum and panic within several market sectors. Different expectations and reactions are surfacing following reports of the inflation data. It seems to be a fact that even the crypto space now receives impacts from inflations and other macroeconomic factors. With reports from the US Bureau of Labor Statistics, different markets are loaded with diverse opinions. However, according to the released data, there’s been an increase of 9.1% in the consumer price index since June last year. This value is more than predictions from some....