Inflation: The Silent Tax That Erodes Your Income and Savings
The article discusses the causes and effects of inflation. Inflation happens when prices keep going up or when money loses its value. It occurs when the amount of money in circulation grows faster than the demand for it. Factors like rising costs or monopolies indirectly affect prices by slowing down income growth. Too much money being printed is what directly causes inflation. Trying to control inflation can lead to recessions and unemployment. Inflation also pushes people into higher tax brackets, making them pay more taxes.