Inflation, the Silent Tax
Most people don’t really understand inflation. Â They know it has to do with prices rising – prices for food, housing, utilities, clothes, entertainment, and everything else, really. Â But beyond that, they’re often at a loss for how to define inflation.
Inflation is one of the least-understood concepts in economics. Â And with good reason: in the US, we haven’t seen terrible inflation for the last couple of decades, so it hasn’t been all that important.
But we’re starting to see it now. Read more…
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