How can inflation be so high right now when average incomes have stagnated for so long? People don’t have more money to spend. Why is inflation so high?
In: Economics
People aren’t the only folks spending money. Companies are spending it, trying to restart operations. Of course, the big player is Government. They are spending money much faster than they are raising it, so that’s the source. Given the problems being faced by their citizens, they clearly feel justified even if they are causing inflation.
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