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As inflation surged, politicians from both parties, including presidential nominees Donald Trump and Kamala Harris, sought to cap or control prices for food, credit, medical care, labor, and more.
It's not just that the money in your wallet is worth less. The money you don't have—the amount you might need to borrow to make a big purchase like a home or car—is now further out of reach.
The uber-wealthy investor is thrifty with just about everything, from his breakfast to his house.
The cost of low inflation would have been unemployment rates of 14% over the past two years, columnist Michael Hicks writes. Hicks: Everyone hates high inflation. High unemployment would be worse.
In times of low inflation, a side gig could provide enough income to build in a cushion to your monthly budget, perhaps allowing you to beef up your emergency fund or go on a longer or nicer vacation.
Money illusion has been proposed as one reason why nominal prices are slow to change even where inflation has caused real prices to fall or costs to rise. Contracts and laws are not indexed to inflation as frequently as one would rationally expect. Social discourse, in formal media and more generally, reflects some confusion about real and ...
Brief history of U.S. inflation. High inflation was last a major problem during the 1970s and 1980s — reaching 12.2 percent in 1974 and 14.6 percent in 1980 — when the central bank didn’t ...
“Inflation is slowing, and doing so across a broader range of goods and services,” said Julia Pollak, ZipRecruiter’s chief economist. ‘Don’t be fooled’ by the uptick in inflation ...