Inflation

Why are prices becoming inflated? How does the interaction between basic economic concepts like supply and demand influence the prices of goods and services? In this episode, Jared uncovers the root cause of the record inflation impacting the United States and much of the globe. The COVID-19 pandemic has played a part, but there are various other human behaviors and world events which have led to this complex and growing state of inflation. References As inflation soars, a look at what’s inside the Consumer Price Index Summers says pandemic only partly to blame for record inflation No panic in Furman’s reaction to inflation data, but plenty of uncertainty Why inflation is President Biden’s biggest political problem