Grateful for inflation?

and welcome welcome to the daily grateful i'm michael gross i'm a great guy i was having a discussion with a nurse today i had to go get blood drawn boy that was fun no it wasn't i take that back it was not fun and i have to tell you the lady who did the thing was just really cool she was at one point she's taking so much blood she's got like six vial things that she's filling up for blood and i don't know she said oh the blood stopped why did your blood stop i said i don't know that doesn't sound good she goes no it happens all the time i said then why did you ask me she says i don't know conversation i said okay she's oh you're the podcaster i said yeah that's me i'm michael the podcaster what's the podcast about i said being grateful she goes being grateful i said yeah it's what we do we sit there every day we come out and we talk and we talk about what to be grateful for and she said well you can't be grateful for everything i said no you can't she said can you be grateful for inflation i said i don't know i'm gonna find out she said find out she goes okay yes you have to listen to the podcast it'll be on later today and you'll see if there's reasons to be grateful for inflation now i just came here i am late doing the show again today because tell you the truth having that much blood drawn from you made me woozy as can be i mean just woozy i'm not usually woozy i was woozy i took a long nap anyway i got up and i fixed myself something then i came in here and i went to gemini gemini used to be barred and i have fun comparing all of these things uh with what each of them do but right now gemini is supposed to be really good and at five o'clock today i did go to a seminar on youtube and my friend tony rockcliffe who is a ai expert was saying he thinks gemini is going to be like the number one thing so i just came in here sat my butt down and i typed down please write five one-sentence reasons to be grateful for inflation because i can't think of any i mean i've been sitting here myself you know and i can't think of any so let's see what gemini formerly barred says about that inflation is complex is a complex issue with both positive and negative consequences it is important to consider that all these factors before forming an opinion on whether or not one should be grateful for inflation that makes sense to me some of the positive consequences of inflation include oh i can't wait you know wait to read the next sentence it encourages investment that is true i guess i don't know when the value of money is decreasing people are more likely to invest their money in assets that will appreciate value such as stocks real estate and that sort of thing this can lead to economic growth and if you look at you know we are in economic growth stock markets at its highest level um unemployment is very very low yet it costs a lot of money to go to burger deal man it costs a lot of money to buy groceries uh you know anyway it can reduce debt burdens if your debt is fixed in a normal terms such as i guess my mortgage then inflation will actually reduce the real estate value of your debt over time uh this can be beneficial for people who are struggling to make their debt payments doesn't make sense to me but okay i'll go with that it can lead to wage increases and yes we are seeing wage increases i'll read more about that in a second but we are seeing that people are being paid more but everything costs more okay everything costs more when i was on my way home from this youtube seminar that i went to tonight and yeah i was half tempted to stop and get a double cheeseburger and fries but you know what that would cost me it would cost me like 11 12 bucks i came home and using my air fryer thingy i made cheese fries and that was good yeah i saved a lot of money all right it says inflation rises businesses may be more likely to raise wages in order to keep up the cost of living no they're raising wages because people are going and getting jobs in other places that will pay them more so this can be beneficial to workers i guess however here are some of the negative consequences of inflation it can erode purchasing power yeah that's exactly right it will definitely do that it can create uncertainty and don't we just love uncertainty in this country no we don't i hate uncertainty i want to know what's happening when it's going to happen and why it's going to happen and i want to know now now i hate uncertainty and we've all experienced a lot of uncertainty and it really sucks it can disproportionately harm low income individuals yeah no kidding low income individuals spend a larger proportion of their income on essentials such as food housing yeah have you tried to rent a place lately so okay since here ultimately whether or not you should be grateful for inflation is a matter of personal opinion it is important to weigh the potential benefits and the drawbacks carefully before coming to a conclusion all right you know what i'm gonna give gemini you know for coming up with that yeah they talk about the positives but they also covered the negatives so that's good here's what i'm grateful for i'm grateful for opportunity i'm grateful that we can always figure out a way out of this crap and we somehow seem to do it sometimes it seems helpless it really does sometimes it just really sucks but if we put our heads together we will always figure out a way to make it work and i you know what if i have any ability whatsoever at all besides making a really good steak and talking i have a unique ability to figure out how to make something work and i kind of learned that from my uncle george he always said we'll figure out a way to make this work he didn't mean it as much as i do but he was right about that we'll see you tomorrow hey bloodlady did i explain it for you bye