Description

As inflation rises, the value of money diminishes quickly. You would need to pay more for the goods and services you're getting. But how does inflation affect you?

In this solo episode, Colton talks about a very important topic: Inflation. He discusses the meaning and the concept behind the topic and why it happens. He also shares how the Austrian economic thinkers treat inflation, banking, and insurance. This episode addresses the importance of pre-planning and why we should follow the examples set by the Austrians.

Highlights:

• The main topic of today's episode: Inflation. - 0:23
• How do you define inflation? - 2:32
• The definition of quantitative easing. - 3:05
• Why does inflation happen? What is it? How can we solve that? - 6:07
• Actionable items from Nelson about life insurance. - 10:16
• Why should you treat banking and insurance like Austrian economic thinkers? - 12:45
• Pre-planning how to handle macro events. - 16:24
• What to expect in the next podcast? - 16:56
  
  
  Resources and Links:
• https://www.themcgriffalliance.com
• colton@tmafamily.com
• kierson@tmafamily.com
• joel@tmafamily.com
• Phone: 205-991-4448

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How to Listen:
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