In chapter 10 Charles Wheelan explains how the inflation
works. Many of those examples were really scary, because you realize that your
money (your wealth) depends on the trust of people, and the magic hand of the Fed.
What is even more scary for me is the fact that if I earn 10 $ today in 10
years the value could be only 5$.
The sentence that struck me the most was, when he linked bad
economics to WWII. When I read it I realized that Economics aren’t simply a
tool to make us better off, but that economics can be used as a weapon in war.
This is possible because of the huge impact of Economics in our lives as for
example inflation in post WWII Germany.
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