The Money PagesThis Balloon Thinks It Knows Inflation
It’s very good at birthday parties. Economics? Not so much.
“I'm an expert on inflation,” said the balloon.
“Rising prices?” asked the notebook.
“No. Birthday parties.”
Filling a balloon with air is one kind of inflation. In money talk, inflation means prices are rising across many goods and services over time.
A bigger balloon doesn't make lunch cost more. And one pricier lunch doesn't prove that prices are rising everywhere.
The balloon has agreed to stick to parties.
