Part 3/11:
The Roots of Inflation
Understanding the cause of inflation is crucial for prioritizing solutions. The inflation we experience today is, in many ways, a legacy of the substantial stimulus spending from 2020 and 2021, amounting to about $5 trillion. This colossal expenditure did not originate from a surplus but was rather financed through borrowing, inflating the monetary supply. When the Federal Reserve created this money, it contributed to the inflationary pressures we're witnessing now.