Why is Inflation So High in the US?
To many people, the economy remains a mysterious thing.
The economy seems to always be in a state of flux. One minute people are celebrating the affordability and job prospects of a thriving market, and the next, everyone is complaining they can’t afford groceries.
This leaves many people with the impression that the economic landscape is subject to random changes. This isn’t true though.
The economy, while complex, can be understood. It just takes the right set of tools and the right lens through which to look.
One of the biggest areas of insight is inflation.
Many people have no idea what inflation is. They understand that inflation impacts them by making everything more expensive, but they don’t know what it really means or why it happens.
What is Inflation?
Inflation i...