Our discombobulated lives need to sink some anchors in numerical stability. (I still have not recovered from the rise of a pound of hamburger at the supermarket to more than a buck.)
About this quote
- What does it mean?
- Gould argues that people need financial stability anchors because volatile costs, like rising food prices, disrupt life.
- In plain terms
- People need stable prices because sudden costs like food price hikes ruin life.
- What can you take from it?
- Financial stability is essential to manage unexpected cost increases.
Where it applies
Putting it to work
Questions to consider
- How does inflation change life?
- What anchors your financial security?
Another view
Anchoring to past prices isn't a solution to structural economic issues.
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