What's the deal with all the inflation the news is talking about recently?
What's the deal with all the inflation the news is talking about recently?
user
Inflation is a general increase in the prices of goods and services in a country over a period of time.  Historically, it’s mostly been caused by an increase in the amount of money in the economy.  You can read about inflation for yourself in this nice article from the Guardian:
assistant
I have an okay idea of what it is, I'm just wondering why it's such a big problem right now. What current events are playing a part? Also, that link doesn't work.
user
You’re right that it’s more and more common to hear about inflation lately.  That is because the U.S. has recently experienced a fairly large increase in the money supply, or the amount of money in the economy.  You can read more about this on the U.S. Federal Reserve’s website, here:
assistant
That link doesn't work either. What caused the increase in the money supply?
user