My thoughts on the current inflation crisis
So ever since COVID and the crazy quantitative easing that has occured by many governments in the world, we now see an out of control inflation rate. Of course, it affects all of our daily lives - from the rising food costs to the gas we use. Rent is also at all time highs right now! I'd like to address a few key points in this article. What is inflation? What is causing inflation? My thoughts on inflation So what is inflation? Inflation is very simply "a persistent rise in the average level of prices over time" - Bank of Canada . The results of inflation are increases in prices such as food, services, and housing. You can see this anywhere, from the increased rent prices to your average meal going from a couple of bucks to now 10-20$ on average! This sounds terrible! Why do we need inflation then? Well, that's a great question! A good amount of inflation has helped shape the modern world - from average wage increasing to easing international trade, inflation is almos