Inflation: Is it a serious problem like the 70's, or not that big of a deal?

There is a ton of talk and concern about inflation right now. It's almost a dirty word if you watch the news. We wanted to dig into inflation a bit deeper -- what exactly are people talking about when they talk about inflation? How much of a concern is it right now? What is causing the inflation we are experiencing? Is inflation always a bad thing, and how does this compare to the terrible inflation we experienced in the 70’s? Dr. David Doorn, Professor of Economics & Finance at West Chester University breaks down everything you need to know about inflation in 2021 as we continue to emerge from the pandemic.