![]() This is Economics 101 - if people have money, and they want things, and there are not enough things, the market allocates goods among competing buyers by sellers raising prices. The schoolbook definition of inflation is too much money chasing too few goods. And for many of the same reasons, I think it is. Now, I'm wondering if it is also a good investment in inflationary cycles. A recent article shows inflation surging to over 6% after Q2 2021, compared to previous rates hovering at 1-3% for many years.Ī few years ago, I wrote an article about how commercial open source was a good investment during recessions. But now, the price of everything is climbing. For decades, interest rates and inflation have been historically low, and inflation has not been a problem in everyday life. Many people reading this article will never have lived through an inflationary cycle. I still have a soft spot in my heart for BASIC, but only bad memories of the car loan, which sucked up a substantial part of the income I earned for writing the code. I was writing accounting software in compiled BASIC on PDP-11s, and the interest on my car loan was 17% per year. In the early 1980s, I got my first programming job and my first car loan.
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