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Podcast: The Peter McCormack Show
Episode: The Myth of Deflation with Jeff Booth - WBD235
Description: Location: Zoom Date: Friday, 19th June Role: Entrepreneur & Author In an inflationary Keynesian economic system, governments target low inflation to ensure a healthy economy and steady growth; however, inflation functions as a hidden tax on savings. Inflation also leads to a drop in purchasing power which drives the incentive to spend and invest rather than save. Deflation, the opposite to inflation, is when the price of a basket of goods and services drops. Unlike inflation, deflation means the purchasing power of your savings increase over time and therefore, incentivises saving as opposed to...