Manhattan Reborn 1978
Chapter 519: Raising a Glass to Discuss Inflation
new York.
Manhattan, in front of Wildfire Bar on 42nd Street.
David said goodbye to Lawrence and Cohen, got into the car, and left~
Looking at the car going away, Lawrence glanced at the auxiliary police office across the street and said to Cohen.
"Last night, I talked to One-Eyed Andres and the others separately. They are indeed not suitable for the job of professional bodyguards~"
"Hehe~"
Cohen shrugged unsurprisingly.
"Then what else can we do?"
"According to the requirements of that old guy Demais Oder, we can't find a suitable candidate~"
Lawrence raised his eyebrows in displeasure at Cohen's "knowingly asking questions", raised his finger and pointed across the street and said, "Let's go sit at Allston's first."
"Maybe he can give us some good advice."
"Okay~ You are the boss..."
"Hehe~"
Lawrence ignored Cohen's teasing, looked left and right, and strode across the street.
----
Manhattan.
Smith & Wollensky Steakhouse on the corner of 49th Street and Third Avenue.
After David got off the car, he saw Mag Ludwig, who had been waiting for a long time, and greeted him with a smile.
David smiled curiously: "What's wrong with you? Are you so happy?"
"Um...is it obvious?"
"Of course!"
"Hahaha~"
“Boss, Janet is pregnant!”
David blinked a few times in surprise and asked, "Wow, congratulations, man!"
"Did you go to the hospital for a check-up?"
"Not yet~ she said..."
David looked at Mag's excited expression and couldn't help but feel happy for him in his heart.
After Mag finished speaking, he smiled and said, "What can I do for you?"
"Hahaha~Thank you!"
"Sorry! I'm a little confused by this sudden good news~"
David patted Mag's shoulder hard and said with a smile: "Thank you for your willingness to share this good news with me!"
"When I have my first child, I may be even more mature than you are now..."
"Hahaha~ I understand, I understand!"
"Hahaha~"
. . .
The two walked into the steakhouse while chatting and laughing.
After sitting down at the table reserved in advance, David took the menu from the waiter, thought about it, and asked.
"Where are our guests?"
"Oh~ Astaire K. Wood just contacted me and said that his friend, Jackson O'Sullivan, has rushed back to Washington because of some urgent matters to deal with."
"There are still about 10 minutes left before the time we agreed on."
"He should be here soon..."
"Boss, that Kagyichiro Yasuda is here!"
After hearing this, David put down the menu and turned his head to look over. He happened to see Kaguichiro Yasuda and a short, thin young man walking towards them.
David glanced at Mag, stood up, extended his right hand to the two of them, and said with a smile: "Good afternoon~ Mr. Yasuda!"
"Hello, Mr. Coleman!"
"This is my good friend Kazuo Toshiki."
"He learned that I was coming to keep the appointment, and he especially wanted to get to know you~"
"Oh~ welcome!"
"Hello, Mr. Toshiki Wada."
"Hello!" The young man named Toshiki Wada did not behave as casually as Kazuichiro Yasuda.
He bowed slightly to David and David in a very polite manner and spoke in fluent English.
"Mr. Coleman, it's an honor to meet you! Please take care of me!"
David shrugged his shoulders to Kaguichiro Yasuda and said with a smile: "He doesn't have to be so restrained, right?"
"Haha~" Yasuda Fengichiro shrugged in amusement, shook his head, and said nothing.
At this time, Mag took the initiative to walk to Toshiki Wada and said with a smile: "We should sit down first...?"
"ok~"
"Let's sit down first, Mr. Wood will be here soon~"
"Ok!"
. . .
After a few minutes.
At the entrance of the steakhouse, Astaire K. Wood, following the waiter who led the way, saw Mag Ludwig, who had been paying attention to the direction of the door, and waved to him~
Mr. Wood smiled and nodded to him, walked to the seat next to David specially reserved for him, and said hello with a smile.
Several people smiled and were polite and sat down.
As the host today, David invited a few people to order their favorite dishes and drinks, and then took the initiative to smile at Mr. Wood.
"Mag, you are my friend and partner!"
"I heard him say that you gave him a lot of help and care in Washington~"
"Today, I want to speak to you first for Mag."
"Hehe~"
Mr. Wood waved his hand straightforwardly and said with a smile: "Can I call you...David?"
"Of course!"
"I heard many people mention that you like to speak more directly~"
"So, let's be more direct between us, okay?"
David couldn't help but smile and nod: "Okay~"
“Be direct and more relaxed!”
"That's right! Hahaha~"
Yasuda Hoichiro and Wada Toshiki, who was sitting next to him, glanced at each other quickly amid laughter and started laughing too~
. . .
Later, Mr. Wood, who has been in politics for many years and has excellent eloquence and acting skills, frankly told some interesting stories about his time as governor of California, allowing David to know more about him~
Mag, who had been silently assisting David, very considerately assisted the waiter, laid out the dishes for several people, and poured wine~
David smiled, raised his glass, and smiled at Mr. Wood and Kaguichiro Yasuda.
"Until a few months ago, I had never thought about it. Just attending a cocktail party completely changed my life~"
"I met some of my best friends at that cocktail party~"
"And today, we are gathered here!"
"I hope to become best friends with you too!"
"For friends, for you!"
"cheers!"
"Cheers~"
Mr. Wood gestured to David with a glass with a bright smile, and drank up all the red wine which was not much at all with a tilt of his neck~
David saw his move and drank the wine in his glass with a smile, then gestured to Mr. Wood with the empty glass in his hand.
"Hahaha~"
David and Wood looked at each other and smiled.
Mag carefully stood up and poured wine for the two of them. His eyes quickly swept over Yasuda Kazuichiro and the two of them~
After Mag poured the drink, David took the lead in picking up the tableware and turned to ask Yasuda Fengichiro.
"I have a friend from an island country who told me... I am used to the lighter food in my hometown, but after coming to New York, I have never been able to get used to the greasy food here~"
Kaguichiro Yasuda picked up the tableware with a smile, shook his head and said, "I'm fine~"
"When I was studying at the University of Tokyo, I often followed my tutor to participate in academic seminars held around the world~"
"Oh?"
"Then you must have been to many places?"
"Yes~"
"Hmm.. Where's your favorite food?"
"Haha~ My favorite... is the delicacies from my hometown!"
"Hahaha~"
David smiled and nodded to Kaguichiro Yasuda, looked at Mr. Wood again, and said.
"You and Mag are going in the morning...is everything going well?"
"very smooth!"
Mr. Wood glanced at the smiling Mag, put down the tableware, and said with a smile: "We already know each other very well~"
"It's just that I haven't seen him for a long time, and his state and transformation surprised me a little."
"Oh?"
David also put down the tableware, picked up the wine glass, gestured to Mr. Wood, and asked with a smile.
"What did you gain?"
"Haha~Yes!"
"When we are chatting, he always likes to use the remote control in his hand to change channels from time to time."
"Change the channel?"
David turned his head and glanced at Mag, his eyes narrowed slightly, and he smiled: "It seems that he hopes he can learn more information from TV~"
"Haha~" Mr. Wood shrugged, smiled and said nothing.
At this time, Mag's voice sounded "appropriately"~
He also put down the tableware, raised the wine glass, signaled to David first, then turned to look at Mr. Wood and smiled.
"In recent years, he has preferred to read news related to economics and finance."
"The last time we chatted, he also lamented to me that many of his economic measures are very significant from now on..."
Mag's "telling" continues.
David slowly put down his wine glass, watching Mag and Wood "talking and laughing", but thinking about what Wood had just said after the two visited Nixon in the morning. .What does it mean to change the channel?
Emm. .
Could it be that. . ?
David soon felt that he had found his "breakthrough."
After he stopped at Mugg, he waited a moment and asked Mr. Wood with a smile.
"Mr. Wood, what are your views on the current domestic economic situation and inflation and other issues?"
Wood seemed to have no embarrassment and said calmly: "No, I don't have an opinion~"
"I am a guy who knows nothing about economics and finance~"
"Hahaha~"
Several people were amused by Mr. Wood's self-deprecation~
Mr. Wood smiled and asked David: "David, you have your own company on Wall Street. You must have your own unique insights into the current domestic economic situation and... right?"
When David heard that he asked the question directly so quickly, he simply nodded and smiled.
"Yes!"
"I think the proposal that President Warren White submitted to Congress to increase unemployment benefits and relief benefits is a policy measure that has both pros and cons!"
"Oh?" Mr. Wood smiled and nodded, showing that he was all ears.
David did not put down the tableware in his hand. .
He put a small piece of cut steak into his mouth with his fork and continued.
"If you compare a country to a person..."
"Industry is the bones in the human body, and finance is the blood in the human body!"
"The essence of finance, to put it simply and straightforwardly, is the continuous circulation of money in the market~"
"The speed of currency circulation in the market is also directly related to the health of our entire country."
David asked with a smile to Hoichiro Yasuda who was sitting across from him: "In the past few years, the island country has experienced several situations such as inflation, soaring prices, slowing economic growth, and decline~"
"Island governments have also made many attempts to solve these situations and problems."
“However, in my opinion, these measures taken by the island country’s government only alleviated the temporary crisis. They failed to find the root of the problem more accurately, and failed to comprehensively summarize the correct governance in the face of economic and financial crises. Plan!”
Yasuda Hoichiro glanced at Toshiki Wada next to him in surprise, pondered for a moment, and asked David.
“Do you already have a better crisis plan?”
"No!"
"Hehe~"
"Sorry, I'm just the most ordinary little guy on Wall Street~"
"My so-called plan... is just for me, to protect my own property..."
Yasuda Fengichiro showed a polite smile on his face, nodded and said: "Then I can ask you for advice... What do you think about inflation?"
"Inflation..."
David raised his eyebrows and repeated, thought for a moment, put down the tableware, turned to look at Mr. Wood, and smiled.
"I'll answer your question and Mr. Yasuda's question together... okay?"
"Of course~"
Mr. Wood sat back in his chair and showed the utmost patience.
David smiled and asked Mag to order a glass of juice for him, quickly smoothed out his thoughts and said.
“In modern times, the first time inflation made a deep impression on us was in Germany in 1923.”
"Germany suffered a disastrous defeat in the First World War, and the supply of daily commodities in Germany was extremely tight~"
"Germany, as a defeated country, has to pay huge war reparations to victorious countries such as Britain and France every year."
"You said, what would you do if you were the people in power in Germany?"
"Hehe~"
"Of course it's printing money!"
David spread his hands as if it was "natural" and said with a smile.
"What better way to solve the problem than printing money?"
"So, the German government in 1923 opened Pandora's box, causing domestic commodity prices in Germany to double at a rate of two days, heading crazily towards the abyss of inflation."
"According to a report at the time: When Germany's inflation rate reached its peak in 1923, one meter could be exchanged for 4 trillion German marks."
"Then in 1941, after the German army occupied Greece, a disgusting inflation broke out in Greece in 43."
"In 1946, after Hungary experienced countless baptisms of war in World War II, the domestic industrial system and economic system collapsed completely, and the entire country was heavily in debt."
"In addition, Hungary was an ally of Germany in World War II..."
"So after the war, Hungary could only print banknotes like crazy, intending to use the money printed in a very short time to deal with the dilapidated situation in the country."
"And the disaster caused by this money after entering the circulation market has left another negative teaching material for us today~"
“At the peak of Hungary’s highest inflation rate, one meter could earn 460 trillion Hungarian dollars.”
David stretched out his palm to Mr. Wood very "childishly" and said with a wry smile.
"460 trillion...what is the concept?"
"Hehe~"
"Anyway, I have no idea about this number that makes my scalp numb when I hear it."
"Hahaha~"
Mr. Wood laughed cooperatively.
David shrugged to Kagyichiro Yasuda and continued.
"From 1921 to today, 57 years later~"
"Countries and countries around the world, and numerous experts in the economic field, have expressed their personal opinions on inflation~"
"Including Keynes, the most famous economist in the UK, and Paul Samuelson and Milton Friedman, the most famous international economists in recent years, etc."
"As for me...through my own research on the opinions of these experts, combined with history and current situation, I have summarized the four main factors that cause inflation."
"The first one is the inflation caused by people's increasing demand."
David's eyes met Mr. Wood's and he smiled.
"For example: next month, our Christmas product sales season!"
“With the high relief funds issued by President White’s administration, people can have a more comfortable and abundant Christmas~”
"And after this money flows into the market, it will also quickly boost the total domestic economic growth, causing a small index increase before the end of the year~"
"However, behind this kind of stimulating total consumption, President White has another good intention, but few people can understand it..."
"Oh? What is it?"
"Credit overdraft!"
Mr. Wood nodded "as if he had something to gain."
David smiled, changed the subject, and said again.
"During the Christmas period, consumer demand increases rapidly in a short period of time, which will inevitably lead to a rise in commodity prices~"
"When commodity prices rise, the income of all companies and individuals in the entire market chain will also increase accordingly~"
"The income of these people has increased, but what about their consumption needs?"
"Of course it will continue to grow!"
"Combined with what I just said...the overall domestic economic production will also see a small increase because of this seemingly benign currency circulation cycle."
"but!"
"In this seemingly simple, but actually extremely complex cycle."
"The rise in prices will also cause the inflation index to continue to rise with the growth of the total economic volume!"
“So, I think President White’s well-intentioned attempt to make people realize that excessive consumption and credit overdrafts will lead to a more severe economic recession will hardly make people understand and accept it~”
"Yes~"
Mr. Wood nodded to David in agreement and smiled.
"Let people put money in the bank and refrain from crazy spending..."
"how can that be possible?"
"Hahaha~"
Several people at the table laughed~
PS:
When I got home from get off work, it was almost nine o'clock.
Originally I wanted to take a leave and go to bed directly. .
As a result, after lying on the bed, I couldn't fall asleep again. .
There are only so many today~
There is a very important meeting tomorrow.
bow!
Feel sorry!
Manhattan, in front of Wildfire Bar on 42nd Street.
David said goodbye to Lawrence and Cohen, got into the car, and left~
Looking at the car going away, Lawrence glanced at the auxiliary police office across the street and said to Cohen.
"Last night, I talked to One-Eyed Andres and the others separately. They are indeed not suitable for the job of professional bodyguards~"
"Hehe~"
Cohen shrugged unsurprisingly.
"Then what else can we do?"
"According to the requirements of that old guy Demais Oder, we can't find a suitable candidate~"
Lawrence raised his eyebrows in displeasure at Cohen's "knowingly asking questions", raised his finger and pointed across the street and said, "Let's go sit at Allston's first."
"Maybe he can give us some good advice."
"Okay~ You are the boss..."
"Hehe~"
Lawrence ignored Cohen's teasing, looked left and right, and strode across the street.
----
Manhattan.
Smith & Wollensky Steakhouse on the corner of 49th Street and Third Avenue.
After David got off the car, he saw Mag Ludwig, who had been waiting for a long time, and greeted him with a smile.
David smiled curiously: "What's wrong with you? Are you so happy?"
"Um...is it obvious?"
"Of course!"
"Hahaha~"
“Boss, Janet is pregnant!”
David blinked a few times in surprise and asked, "Wow, congratulations, man!"
"Did you go to the hospital for a check-up?"
"Not yet~ she said..."
David looked at Mag's excited expression and couldn't help but feel happy for him in his heart.
After Mag finished speaking, he smiled and said, "What can I do for you?"
"Hahaha~Thank you!"
"Sorry! I'm a little confused by this sudden good news~"
David patted Mag's shoulder hard and said with a smile: "Thank you for your willingness to share this good news with me!"
"When I have my first child, I may be even more mature than you are now..."
"Hahaha~ I understand, I understand!"
"Hahaha~"
. . .
The two walked into the steakhouse while chatting and laughing.
After sitting down at the table reserved in advance, David took the menu from the waiter, thought about it, and asked.
"Where are our guests?"
"Oh~ Astaire K. Wood just contacted me and said that his friend, Jackson O'Sullivan, has rushed back to Washington because of some urgent matters to deal with."
"There are still about 10 minutes left before the time we agreed on."
"He should be here soon..."
"Boss, that Kagyichiro Yasuda is here!"
After hearing this, David put down the menu and turned his head to look over. He happened to see Kaguichiro Yasuda and a short, thin young man walking towards them.
David glanced at Mag, stood up, extended his right hand to the two of them, and said with a smile: "Good afternoon~ Mr. Yasuda!"
"Hello, Mr. Coleman!"
"This is my good friend Kazuo Toshiki."
"He learned that I was coming to keep the appointment, and he especially wanted to get to know you~"
"Oh~ welcome!"
"Hello, Mr. Toshiki Wada."
"Hello!" The young man named Toshiki Wada did not behave as casually as Kazuichiro Yasuda.
He bowed slightly to David and David in a very polite manner and spoke in fluent English.
"Mr. Coleman, it's an honor to meet you! Please take care of me!"
David shrugged his shoulders to Kaguichiro Yasuda and said with a smile: "He doesn't have to be so restrained, right?"
"Haha~" Yasuda Fengichiro shrugged in amusement, shook his head, and said nothing.
At this time, Mag took the initiative to walk to Toshiki Wada and said with a smile: "We should sit down first...?"
"ok~"
"Let's sit down first, Mr. Wood will be here soon~"
"Ok!"
. . .
After a few minutes.
At the entrance of the steakhouse, Astaire K. Wood, following the waiter who led the way, saw Mag Ludwig, who had been paying attention to the direction of the door, and waved to him~
Mr. Wood smiled and nodded to him, walked to the seat next to David specially reserved for him, and said hello with a smile.
Several people smiled and were polite and sat down.
As the host today, David invited a few people to order their favorite dishes and drinks, and then took the initiative to smile at Mr. Wood.
"Mag, you are my friend and partner!"
"I heard him say that you gave him a lot of help and care in Washington~"
"Today, I want to speak to you first for Mag."
"Hehe~"
Mr. Wood waved his hand straightforwardly and said with a smile: "Can I call you...David?"
"Of course!"
"I heard many people mention that you like to speak more directly~"
"So, let's be more direct between us, okay?"
David couldn't help but smile and nod: "Okay~"
“Be direct and more relaxed!”
"That's right! Hahaha~"
Yasuda Hoichiro and Wada Toshiki, who was sitting next to him, glanced at each other quickly amid laughter and started laughing too~
. . .
Later, Mr. Wood, who has been in politics for many years and has excellent eloquence and acting skills, frankly told some interesting stories about his time as governor of California, allowing David to know more about him~
Mag, who had been silently assisting David, very considerately assisted the waiter, laid out the dishes for several people, and poured wine~
David smiled, raised his glass, and smiled at Mr. Wood and Kaguichiro Yasuda.
"Until a few months ago, I had never thought about it. Just attending a cocktail party completely changed my life~"
"I met some of my best friends at that cocktail party~"
"And today, we are gathered here!"
"I hope to become best friends with you too!"
"For friends, for you!"
"cheers!"
"Cheers~"
Mr. Wood gestured to David with a glass with a bright smile, and drank up all the red wine which was not much at all with a tilt of his neck~
David saw his move and drank the wine in his glass with a smile, then gestured to Mr. Wood with the empty glass in his hand.
"Hahaha~"
David and Wood looked at each other and smiled.
Mag carefully stood up and poured wine for the two of them. His eyes quickly swept over Yasuda Kazuichiro and the two of them~
After Mag poured the drink, David took the lead in picking up the tableware and turned to ask Yasuda Fengichiro.
"I have a friend from an island country who told me... I am used to the lighter food in my hometown, but after coming to New York, I have never been able to get used to the greasy food here~"
Kaguichiro Yasuda picked up the tableware with a smile, shook his head and said, "I'm fine~"
"When I was studying at the University of Tokyo, I often followed my tutor to participate in academic seminars held around the world~"
"Oh?"
"Then you must have been to many places?"
"Yes~"
"Hmm.. Where's your favorite food?"
"Haha~ My favorite... is the delicacies from my hometown!"
"Hahaha~"
David smiled and nodded to Kaguichiro Yasuda, looked at Mr. Wood again, and said.
"You and Mag are going in the morning...is everything going well?"
"very smooth!"
Mr. Wood glanced at the smiling Mag, put down the tableware, and said with a smile: "We already know each other very well~"
"It's just that I haven't seen him for a long time, and his state and transformation surprised me a little."
"Oh?"
David also put down the tableware, picked up the wine glass, gestured to Mr. Wood, and asked with a smile.
"What did you gain?"
"Haha~Yes!"
"When we are chatting, he always likes to use the remote control in his hand to change channels from time to time."
"Change the channel?"
David turned his head and glanced at Mag, his eyes narrowed slightly, and he smiled: "It seems that he hopes he can learn more information from TV~"
"Haha~" Mr. Wood shrugged, smiled and said nothing.
At this time, Mag's voice sounded "appropriately"~
He also put down the tableware, raised the wine glass, signaled to David first, then turned to look at Mr. Wood and smiled.
"In recent years, he has preferred to read news related to economics and finance."
"The last time we chatted, he also lamented to me that many of his economic measures are very significant from now on..."
Mag's "telling" continues.
David slowly put down his wine glass, watching Mag and Wood "talking and laughing", but thinking about what Wood had just said after the two visited Nixon in the morning. .What does it mean to change the channel?
Emm. .
Could it be that. . ?
David soon felt that he had found his "breakthrough."
After he stopped at Mugg, he waited a moment and asked Mr. Wood with a smile.
"Mr. Wood, what are your views on the current domestic economic situation and inflation and other issues?"
Wood seemed to have no embarrassment and said calmly: "No, I don't have an opinion~"
"I am a guy who knows nothing about economics and finance~"
"Hahaha~"
Several people were amused by Mr. Wood's self-deprecation~
Mr. Wood smiled and asked David: "David, you have your own company on Wall Street. You must have your own unique insights into the current domestic economic situation and... right?"
When David heard that he asked the question directly so quickly, he simply nodded and smiled.
"Yes!"
"I think the proposal that President Warren White submitted to Congress to increase unemployment benefits and relief benefits is a policy measure that has both pros and cons!"
"Oh?" Mr. Wood smiled and nodded, showing that he was all ears.
David did not put down the tableware in his hand. .
He put a small piece of cut steak into his mouth with his fork and continued.
"If you compare a country to a person..."
"Industry is the bones in the human body, and finance is the blood in the human body!"
"The essence of finance, to put it simply and straightforwardly, is the continuous circulation of money in the market~"
"The speed of currency circulation in the market is also directly related to the health of our entire country."
David asked with a smile to Hoichiro Yasuda who was sitting across from him: "In the past few years, the island country has experienced several situations such as inflation, soaring prices, slowing economic growth, and decline~"
"Island governments have also made many attempts to solve these situations and problems."
“However, in my opinion, these measures taken by the island country’s government only alleviated the temporary crisis. They failed to find the root of the problem more accurately, and failed to comprehensively summarize the correct governance in the face of economic and financial crises. Plan!”
Yasuda Hoichiro glanced at Toshiki Wada next to him in surprise, pondered for a moment, and asked David.
“Do you already have a better crisis plan?”
"No!"
"Hehe~"
"Sorry, I'm just the most ordinary little guy on Wall Street~"
"My so-called plan... is just for me, to protect my own property..."
Yasuda Fengichiro showed a polite smile on his face, nodded and said: "Then I can ask you for advice... What do you think about inflation?"
"Inflation..."
David raised his eyebrows and repeated, thought for a moment, put down the tableware, turned to look at Mr. Wood, and smiled.
"I'll answer your question and Mr. Yasuda's question together... okay?"
"Of course~"
Mr. Wood sat back in his chair and showed the utmost patience.
David smiled and asked Mag to order a glass of juice for him, quickly smoothed out his thoughts and said.
“In modern times, the first time inflation made a deep impression on us was in Germany in 1923.”
"Germany suffered a disastrous defeat in the First World War, and the supply of daily commodities in Germany was extremely tight~"
"Germany, as a defeated country, has to pay huge war reparations to victorious countries such as Britain and France every year."
"You said, what would you do if you were the people in power in Germany?"
"Hehe~"
"Of course it's printing money!"
David spread his hands as if it was "natural" and said with a smile.
"What better way to solve the problem than printing money?"
"So, the German government in 1923 opened Pandora's box, causing domestic commodity prices in Germany to double at a rate of two days, heading crazily towards the abyss of inflation."
"According to a report at the time: When Germany's inflation rate reached its peak in 1923, one meter could be exchanged for 4 trillion German marks."
"Then in 1941, after the German army occupied Greece, a disgusting inflation broke out in Greece in 43."
"In 1946, after Hungary experienced countless baptisms of war in World War II, the domestic industrial system and economic system collapsed completely, and the entire country was heavily in debt."
"In addition, Hungary was an ally of Germany in World War II..."
"So after the war, Hungary could only print banknotes like crazy, intending to use the money printed in a very short time to deal with the dilapidated situation in the country."
"And the disaster caused by this money after entering the circulation market has left another negative teaching material for us today~"
“At the peak of Hungary’s highest inflation rate, one meter could earn 460 trillion Hungarian dollars.”
David stretched out his palm to Mr. Wood very "childishly" and said with a wry smile.
"460 trillion...what is the concept?"
"Hehe~"
"Anyway, I have no idea about this number that makes my scalp numb when I hear it."
"Hahaha~"
Mr. Wood laughed cooperatively.
David shrugged to Kagyichiro Yasuda and continued.
"From 1921 to today, 57 years later~"
"Countries and countries around the world, and numerous experts in the economic field, have expressed their personal opinions on inflation~"
"Including Keynes, the most famous economist in the UK, and Paul Samuelson and Milton Friedman, the most famous international economists in recent years, etc."
"As for me...through my own research on the opinions of these experts, combined with history and current situation, I have summarized the four main factors that cause inflation."
"The first one is the inflation caused by people's increasing demand."
David's eyes met Mr. Wood's and he smiled.
"For example: next month, our Christmas product sales season!"
“With the high relief funds issued by President White’s administration, people can have a more comfortable and abundant Christmas~”
"And after this money flows into the market, it will also quickly boost the total domestic economic growth, causing a small index increase before the end of the year~"
"However, behind this kind of stimulating total consumption, President White has another good intention, but few people can understand it..."
"Oh? What is it?"
"Credit overdraft!"
Mr. Wood nodded "as if he had something to gain."
David smiled, changed the subject, and said again.
"During the Christmas period, consumer demand increases rapidly in a short period of time, which will inevitably lead to a rise in commodity prices~"
"When commodity prices rise, the income of all companies and individuals in the entire market chain will also increase accordingly~"
"The income of these people has increased, but what about their consumption needs?"
"Of course it will continue to grow!"
"Combined with what I just said...the overall domestic economic production will also see a small increase because of this seemingly benign currency circulation cycle."
"but!"
"In this seemingly simple, but actually extremely complex cycle."
"The rise in prices will also cause the inflation index to continue to rise with the growth of the total economic volume!"
“So, I think President White’s well-intentioned attempt to make people realize that excessive consumption and credit overdrafts will lead to a more severe economic recession will hardly make people understand and accept it~”
"Yes~"
Mr. Wood nodded to David in agreement and smiled.
"Let people put money in the bank and refrain from crazy spending..."
"how can that be possible?"
"Hahaha~"
Several people at the table laughed~
PS:
When I got home from get off work, it was almost nine o'clock.
Originally I wanted to take a leave and go to bed directly. .
As a result, after lying on the bed, I couldn't fall asleep again. .
There are only so many today~
There is a very important meeting tomorrow.
bow!
Feel sorry!
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