Here at TheHabitStacker we love all things Habit, Finance, and Investing. That’s why we can’t wait to share a witty and satirical definition from Jason Zweig’s book, The Devil’s Financial Dictionary. If you’re an investor, you’ll love this one, we almost guarantee it. Just be prepared to laugh and cry, all at once.
INFLATION, n. The process by which money loses it’s purchase power, becoming worth less over time—and worthless, sometimes. Inflation is typically caused when a government tries to solve particular economic problems by burying them in newly printed money—thereby creating much worse problems by making daily life unaffordable, especially for the poor. As the comedian Henry Youngman said, “Americans are getting stronger. Twenty years ago, it took two people to carry ten dollars’ worth of groceries. Today, a five-year-old can do it.”
Jason ZWEIG
Financial Journalist
Check out all things Jason Zweig here.