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

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theshitposter

theshitposter

cyberpunk bully
kiwifarms.net
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Aug 7, 2020
this

things i already know - recession is economic slow down, inflation is when prices rise
 
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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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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.
 
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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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