#105: What is inflation and how does it impact our well-being‪?‬ The Economics of Well-Being

Thanks to a listener who asked me to try and explain inflation, I provide what I hope is a new perspective on what many of us find confounding. What is inflation? Why are the prices are virtually everything increasing stretching most of us to the limit of our income? Are wages keeping pace with inflation or falling behind? What impacts did the Covid 19 pandemic have on inflation and have government income support programs contributed to price inflation? What is the relationship between the massive increase in federal debt money (total federal government increased by 70% issued since 2019 reaching a staggering $1,274 billion by the end of 2022)? How much of our costs of living are hidden interest charges on debts that have exploded? Why aren't these interest costs discussed in our discussion of inflation? Why are housing prices so irrationally out of balance with disposable income? I will post some comments and graphs/data on my Linkedin profile to augment my comments. Thanks for listening!


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