what's the difference between recession and inflation? - smart professional answer

theshitposter

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kiwifarms.net
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Aug 7, 2020
this

things i already know - recession is economic slow down, inflation is when prices rise
 
Solution
Recession is the declining phase on the traditional boom-bust model, essentially when trade and industry are reduced

Inflation is when currency becomes devalued proportional to the global price of goods and services; the opposite of this would be a liquidity crisis. You do not need a fiat currency to experience inflation; it is not when "printer go brrr". Inflation just requires the currency of a state or entity to lose value in some way. The pre-fiat currencies of the medieval world experienced horrible inflation during wars and conflicts, when a large chunk of the state's treasury would be needed to raise large armies.
Recession is when people take a break and go play outside more often.
Inflation is a lot of time and effort but if you do it you'll get to sleep on an inflatable mattress instead of the floor.
Both are good things.
 
Inflation is when the pool of money is too large and continues to grow, while recession is when production and spending see a negative trend because people either don't have money to buy things with or believe everything's fucked.
 
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Recession is the declining phase on the traditional boom-bust model, essentially when trade and industry are reduced

Inflation is when currency becomes devalued proportional to the global price of goods and services; the opposite of this would be a liquidity crisis. You do not need a fiat currency to experience inflation; it is not when "printer go brrr". Inflation just requires the currency of a state or entity to lose value in some way. The pre-fiat currencies of the medieval world experienced horrible inflation during wars and conflicts, when a large chunk of the state's treasury would be needed to raise large armies.
 
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