Should We Just Accept That We’re Getting Poorer?

Inflation has been a growing concern for the average person, as it means their purchasing power is shrinking day by day. The Chief Economist at the Bank of England recently caused a lot of anger by saying that we should simply accept the fact that we’re poorer. However, is this a good solution to ending this period of high inflation?

In this video, I look at how high inflation became such a problem in the first place and I also show you the unpleasant truth about how periods of high inflation usually end.

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Timestamps
00:00 Introduction
00:42 A Bitter Pill To Swallow
01:31 What Did Huw Pill Say?
04:01 The 1970s/1980s
05:49 How Does High Inflation End?

Where Else You Can Find Me
🎧Check out our weekly podcast "Many Happy Returns" on your podcast provider of choice https://many-happy-returns.captivate.fm/listen
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Tools I Use To Create My Videos
✔️ My primary data source is SharePad and an affiliate link for this is here https://sharescope.co.uk/pensioncraftsp (This link provides new users with a special offer and gives me a small commission)
The rest of the tools I use are free open source software:
✔️ ggplot2 package in R for my plots
✔️ RStudio to edit and run R code
✔️ OBS to record my videos and live streams
✔️ Kdenlive to edit my videos

Take A Look At Some Of My Other Videos & Playlists
📹 Investment Strategies playlist https://www.youtube.com/playlist?list=PLlqeAQqQK7Tci3mKU21drdoRFoNmIVbDd
📹 Income Investing playlist https://www.youtube.com/playlist?list=PLlqeAQqQK7TefjPM8ZotkcoSaDavq3Mvw
📹 Investing With Vanguard playlist https://www.youtube.com/playlist?list=PLlqeAQqQK7TfMV4S_51E_zmbMio4UNBtM
📹 Portfolio Building Blocks playlist https://www.youtube.com/playlist?list=PLlqeAQqQK7TdRdp-hLnL5oxsaRjJZVSyn

DISCLAIMER
All information is given for educational purposes and is not financial advice. Ramin does not provide recommendations and is not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results.