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Money and Finances
Reply to "Inflation: explain it to me like I'm 5"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why is everything so expensive now compared to just 3 years ago? Is it ever going to go back to how it was? I learn a lot on this board so I'm looking for genuine insight. Is it because the government put so much money into circulation during the pandemic and [b]disincentivized work[/b]? [/quote] I'm always curious when people say this - who do you imagine is disincentivized to work? Are [i]you [/i]disincentivized? Do high prices really pair up with disincentive to work, in your mind? "[/quote] Seriously. The great COVID money giveaway was what - a grand total of $1200 per household? Two years ago? That doesn't amount to squat at this point. [/quote] People are forgetting that for the first year of COVID there was extremely generous unemployment relief and a significant number of people took the relief rather than work. Participation in the labor market fell sharply and we still haven't recovered. [/quote]
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