Jump to navigation
A sustained increase in the average prices of all goods and services.
Today on the show: why deflation and high inflation are both really bad. And what signs to watch to see if one or the other is gonna come get us.
For much of the 70s inflation was bad. Prices rose at over 10 percent a year. Nothing could stop it — until one powerful person did something very unpopular. Today's show: How we beat inflation.