Insight - Apr. 12th, 2022
Insight
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12-Apr-2022
Today on Insight, John and John Rosenstern discuss the skyrocketing inflation facing Americans. Brother Josh says unfortunately, when prices go up, they most often don’t go back down. More technology and more efficiency in production can help along with competition can change things; but, inflation as of now, the consumer price index is over 8.5-percent. This is just an index, as some parts of the economy went up by the double digits. Brother John says we are seeing personal debt on the rise and hence will further affect our declining economy. The cost of servicing debt goes up, meaning, we pay more interest to have debt with this rate of accelerated inflation.
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