Harry Potter and the Great Old Ones

Chapter 736 Inflation
“Hehe, there’s no need to be so formal, Mr. Weasley,” Tyella said with a smile. “As long as your whole family, including Hermione and Harry, go on a trip, even if you don’t let Ron go, he’ll cry and beg to go with you.”

“And this is also a good thing,” Tiera continued to explain. “I won’t let you write for nothing. I will compile all your travel reports, as well as the content about local customs, policies, technological developments and modern historical processes, into a novel like a travelogue and publish it for you.”

“I believe that with the wizarding world’s limited vision, this book will definitely be a bestseller,” Tyella said. “We’ll split the royalties 20/80, with 20% going to the Hogwarts scholarship fund and the remaining 80% being yours to do as you please. How does that sound?”

"That's amazing! Tierra, that's incredible!" Arthur Weasley was immediately stunned, then realized, "No, no, Tierra, you've provided the funds for our trip. Is it fair that we take 80% of the royalties?"

“Haha, Mr. Weasley, you’re too kind! What’s inappropriate about it?” Tierra said with a smile, waving her hand. “The travel funds I’m providing you are just a small investment of mine, and I don’t expect any return from them.”

"By the way, we're giving you Muggle money from various countries, not Galleons from the wizarding world," he continued. "As for the royalties, I don't mind; it's perfectly reasonable for you to have 80% to spend as you see fit. After all, you are the protagonists of the journey, and it is your experiences and observations that make this book vivid and interesting."

“And don’t forget, I ransacked the entire Gringotts vault,” Tierra continued. “Our biggest concern right now isn’t money, but inflation.”

"Inflation?" Arthur Weasley muttered the word with some confusion.

“It’s an economic term from the Muggle world,” Tierra explained. “It refers to a phenomenon where, under conditions of monetary circulation, the money supply exceeds the actual demand for money, that is, real purchasing power exceeds the supply of output, leading to currency devaluation and a sustained and widespread increase in prices over a period of time.”

“Take this for example,” Tiera said. “I’ve hired these wizards to work for us, and I pay them fifty Galleons a month. But in return, we don’t have that many potions, reagents, and magical products, which inevitably leads to price increases. For instance, one Galleon used to buy fifty ounces of Dragon Tooth Powder, but now it costs two Galleons and eleven Silver Sickles.”

“Of course, because I pay a high salary, and because most of the increase in the wizarding population in Britain is students, the price increase is not significant, nor has it reached the point of widespread discontent,” Tierra said. “But it is already a very dangerous sign.”

"In order to solve the problem of inflation, in addition to flooding the market with large quantities of potions, raw materials and magical products, we also need to inject some brand-new entertainment methods into the wizarding world."

“The novels are one thing,” Tierra said. “The prank merchandise of George and Fred Weasley is another.”

"Your travel is also a factor."

(End of this chapter)