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Inflation and Deflation

You know how your parents always tell you about how cheap things were when they were kids? Well it's true, prices for literally everything have risen dramatically over the decades. Why? Because of something called inflation. What exactly is inflation? Why does it happen? Is it good or bad? What about deflation, what's that? Let's dig into the details! Script by Matt Beat:    / iammrbeat   Animation by Ignacio Triana:    / unraveled   Watch the whole Economics playlist: http://bit.ly/ProfDaveEcon Mathematics Tutorials: http://bit.ly/ProfDaveMath American History Tutorials: http://bit.ly/ProfDaveAmericanHistory History of Drugs Videos: http://bit.ly/ProfDaveHistoryDrugs General Chemistry Tutorials: http://bit.ly/ProfDaveGenChem Classical Physics Tutorials: http://bit.ly/ProfDavePhysics1 EMAIL► [email protected] PATREON►   / professordaveexplains   Check out "Is This Wi-Fi Organic?", my book on disarming pseudoscience! Amazon: https://amzn.to/2HtNpVH Bookshop: https://bit.ly/39cKADM Barnes and Noble: https://bit.ly/3pUjmrn Book Depository: http://bit.ly/3aOVDlT