We have heard much over the years about how we are moving toward a cashless society. Much like the paperless office that was once heralded as both imminent and inevitable, we have hit many bumps on the road to making this happen. Maybe we don’t want to part with cash as much as we think.
2020 was not the year many were expecting when the clock struck midnight on New Year’s Day. The effects of the COVID-19 pandemic have changed so many things that it almost feels as though many years have passed in the course of a few months.
Inflation is a word that's commonly heard in financial reports and everyday economic news. But what does it really mean as it relates to your money? Inflation is generally regarded as negative, but did you know that the Federal Reserve and other central banks actually think inflation is good? Let's talk about how inflation affects your wealth. Let’s also define MMT and explain how it relates to inflation.