Travis joins us to dig into how he became an Alliance Manager at Tipalti, along with some of the lessons he’s learned along the way.
The right amount of inflation is a good thing. When we think prices are going up we will buy more things now rather than later - which in turn juices the economy. When prices are decreasing, we’re more likely to wait for further price decreases. People buy less stuff which means companies produce less stuff leading to lay offs and a market surplus.
So if inflation is good, why are people freaking out about it? Well, when things get more expensive too fast it kinda messes up the whole supply chain. Raw materials become expensive, which means the economics of a business completely change, companies need to recalculate and will slow decision making, things don’t work like they used to which causes uncertainty, and the market freaks out. This brings us to the present day.