What Are The Personal Costs of Inflation?

In this episode of Capitalism Hits Home, Dr. Fraad is joined by Prof. Richard Wolff, host of Economic Update to discuss inflation and the collateral damage it has caused Americans. In the first part, Prof. Wolff explains what inflation is and the real reasons behind the rising prices. Dr. Fraad then explains what inflation means to the majority of people. She explores the personal, social and psychological effects the high cost of living has caused.