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All right folks, well welcome to Investing for Beginners Podcast. This is episode 150.

Tonight we're going to continue our discussion on the economy.

We're going to talk a little bit about economic basics. This is going to be part two. We're going to talk a little bit about inflation, deflation, hyper-inflation, money, some of those fun topics. And we'll try to make it interesting for you guys so you don't go

into a snoozefast just kidding so I'm going to start us off a little bit and talk about a few of the

basics so let's talk a little bit about inflation and deflation. So basically inflation is the

increasing of prices for supply and demand, so goods and services.

So when goods and services and their prices rise,

that would be considered inflation.

The opposite of that would be deflation so that when the prices of supplies and I'm sorry

goods and services decrease that would be deflation now most people think that inflation is actually a bad thing and it's actually not when

Prices are rising generally that's a good thing because along with that typically then wages are going to rise at the same time

so inflation can be a good thing and the only there are times when it's going to be bad

so for example something like hyper-inflation. Hyper-inflation

is when the prices rise more than 50% in a month and that's definitely not good

because wages are not going to increase at that weight at that rate which

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