The article discusses how the Federal Reserve's actions to increase the amount of money in circulation may lead to high inflation. It looks back at the Great Inflation of the 1970s and how the Fed controlled it by tightening monetary policy. Inflation is when prices for goods and services go up across the board, not just for one thing. High inflation can cause problems like higher interest rates and wages, leading to a cycle of rising prices. Keeping inflation low and stable is important for the economy.