Just Add Cash

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01The Documentary2012080720120808 (WS)
20120811 (WS)

The hard lessons of the 20th Century have led many to believe that inflation is bad, yet it can also be a sign of a healthy economy.

In part one, financial journalist and broadcaster Max Flint investigates the negatives of inflation using the lessons of history by revisiting its bad reputation, in different parts of the world.

Max hears about wooden money and cash made from clothes in 1920's Weimar Republic, about the impact of high inflation in 1970's Britain and the Zimbabwean 'ten trillion dollar note'.

He meets inflation historian Adam Fergusson to discuss the lessons of hyper-inflation in Germany, visits the Bank of England to find out how Britain now controls inflation and takes a look at banknotes with mind-boggling denominations.

Max questions whether a little inflation could actually be good for the economy.

(Image: Zimbabwean ten million dollar note. Credit: AP PHOTO/Tsvangirayi Mukwazhi)

Max Flint investigates the negatives of inflation in different parts of the world.

02 LASTThe Documentary2012081420120815 (WS)
20120818 (WS)

The hard lessons of the 20th Century have led many to believe that inflation is bad, yet it can also be a sign of healthy economy.

Having examined the negatives of inflation in part one, financial journalist and broadcaster Max Flint investigates its positives in the concluding part of Just Add Cash.

Max looks at how inflation can shrink mortgages, shrivel debt, create growth and disposable income.

He also explores its reputation further with historian Adam Fergusson and economist Dr Ros Altman.

In New York, he hears from Nobel prize-winning economist Paul Krugman who is an advocate of inflation's benefits.

Although Max discovers inflation can be manipulated he also questions whether it can ever really be controlled.

(Image: A man taking a twenty pound (GPB) note from his wallet. Photo Illustration by Cate Gillon/Getty Images)

Max Flint investigates the positives of inflation - shrink mortgages and shrivel debt.