Organizations collect, store and process vast amounts of data today. Employee information, supplier information, customer information, intellectual property, financial records, communication records—all common types of data that ordinarily exist in almost every business.
Overcoming Our Inordinate Fear of Inflation
The harm of inflation cited in economics textbooks seems laughably unimportant. For example, inflation generates so-called shoe-leather costs — a term for the hassle of moving money from one’s brokerage or savings account to one’s checking account. This hassle is larger when prices change a lot, since you have to put spending cash in your wallet more often.