Carlyn Beccia
Nov 12, 2024

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I suggest you try to understand economics 101. Inflation is global. Ignorance doesn’t have to be.

Thanks to the pandemic, governments worldwide pumped $ into economies to keep things afloat—unemployment checks, stimulus packages, and massive government spending. All that extra cash meant people could still buy things even when goods were scarce due to shutdowns, meaning there were fewer goods and more dollars chasing them. Supply chains stalled too, from lumber to microchips, jacking up prices further.

Then came another plot twist - the energy crisis. Russia’s invasion of Ukraine sent fuel prices rocketing, trickling down to everything from transportation to food production. Now, everyone’s feeling the squeeze. Still, the US inflation rate is BETTER than the rest of the world.

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Carlyn Beccia
Carlyn Beccia

Written by Carlyn Beccia

Award-winning author of 13 books. My latest: 10 AT 10: The Surprising Childhoods of 10 Remarkable People, MONSTROUS: The Lore, Gore, & Science. CarlynBeccia.com

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