The Problem of Inflation
February 19, 2018 at 06:00 AM EST
In short, inflation is when the prices of goods and services rises over time, which means the “purchasing power” of your money is falling. A Big Mac may be priced at about $4.00 today. But if the cost of the Big Mac ingredients (beef, flour, lettuce, etc.) and the labor (hourly wages) to make the...
