Inflation - 312
Inflation is getting worse in the age of rapid human-caused climate change. What causes inflation? Supply and demand govern economics. Here are the basics: If there is not enough bread and people are hungry, the price of bread goes up. If people have plenty of bread or decide they would rather eat turnips, the price goes down. During Covid, essential quarantines were imposed here and in China. The economic worry then was that consumers would not have money to spend. This would have collapsed the economy into a depression. The Federal Government and the Federal Reserve jumped in and injected money. Adding money to the economic system is inflationary, but while inflation is ugly, we must be thankful we did not slide into recession. Also, during COVID-19, the Chinese manufacturing base and the supply chain from China to our retail stores were ravaged. Before this, we had a steady stream of cheap Chinese goods, so the marketplace jacked the prices up when these bec...