And we saw that.

Now, let's take Scenario B

Well, imagine we have other, say other ebooks' price goes up. WRlTING

The price of everything increased.

Even that banana that you buy at the grocery store.

Now compare that with real price increments.

And luckily for us, it is a fairly intuitive idea.

As expected, the price of imported goods rose.

And there is a little bit of a negative feedback, if price goes up.

There are thousands of books on that.

Land prices are running higher every year.

And then there's this guy, okay.

I believe we should try more things that have a potential to be far less expensive.

The airplane climbed sharply.

I'd want to produce less.

If you expect the future price to go up and the good or the product in question is something that you can store, well, depending on how much you expected to go up, you're probably more likely to buy now buy before the price goes up.

But then, these are inputs into a whole set of things.

(Laughter)

As oil prices go up, energy patents go up.

Prices have gone up these three months.

Prices have gone up these three months.

The runaway inflation in Laos has given way to food riots in the capital city of Vientiane, where the death toll has risen over 200.

Prices are rising.

It is certain that the price of gold will go up.

Even harder is the task of summarization, reading a number of, let's say, news articles that say that the oh the Dow Jones is up or the S amp P500 has jumped, and housing prices rose, and aggregating that to give user information, like, in summary, the economy is good.

Shares of md are up almost 12

Prices continued to rise.

Commodity prices were rising.

And then there's finally there's the affordability question.

The value of the yen has risen greatly.

And I guess a good starting point is, well, what is inflation?

The price in January advanced 20 year to year.

Another pulls up, and says, Do you have any Grey Poupon?

We've been talking about the law of demand and how if we hold all else equal, a change in price, price goes up, the quantity demanded goes down and the price goes down, the quantity demanded goes up.

You can see this in the data.

And if that money supply that's affected by all of those things grows faster than the total real productivity of the economy, then it will generally increase the level of prices.

Prices have soared every year.

Are you a steppie, too?

The thing startled poor old Bicky considerably.

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

But at the same time, over this exact same period, the prices of houses went up by 46 .

Temperatures are rising with incredible velocity in hot zones across the globe.

So if you actually look at this chart, we're already kind of on an inflationary spectrum.

So at 2 more people would wanna buy 'cause things gonna go up.

The prices are going up higher and higher.