What Is the “Real” Story On Inflation Today?

What Is the “Real” Story On Inflation Today?

Inflation seems to be at the top of many folks minds these days. Prices going up on almost everything essential – food, fuel, housing. Economists define “inflation” as a sustained general increase in price levels – affecting virtually everything, but they classify price increases in relatively few items as simply local market price situations, not inflation. What is the inflation that we have today?

Inflation Is Unavoidable, Necessary — and Very Dangerous

Inflation Is Unavoidable, Necessary — and Very Dangerous

Inflation has become a huge concern lately. As defined both by products price increases and by money supply increases, inflation has jumped noticeably after many years of relative stability. Is this just yet another blip in our COVID-scrambled world, or something much worse? Why do we have inflation? What turns it into a potential monster? Pretty important questions today.