Economics · Macro
Inflation
Why prices rise: money, demand, supply shocks and expectations. How CPI is measured, the Fisher equation and real rates, the 1970s and Volcker, hyperinflation, the 2021–22 surge, and what inflation does to savers, borrowers and assets.
Step 1 of 6 · Overview35 min read ·
Key idea
Prereqs: Supply & demand; Money & central banks (Markets). Next: Business cycles: Keynes vs Hayek. Sources: IMF 'Back to Basics', Federal Reserve education, Friedman's *Money Mischief*.Next: 1. Measuring it