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==Theory==
A shoe-leather cost is one of the impacts of inflation. In a period of high inflation, people are discouraged from holding large amounts of cash because its value deteriorates quickly relative to the rising prices in the economy.
The shoe-leather cost is now used more generally to describe all the costs associated with having to hold small amounts of cash when there is high inflation.<ref>{{cite web | url=http://www.romeconomics.com/shoe-leather-cost-explained/ | title=Shoe-Leather Cost Explained | publisher=romeconomics.com | date=May 16, 2014 | accessdate=October 26, 2016 | author=Roland Mortimer}}</ref>
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