Insight - Mar. 24th, 2022
Insight • 24-Mar-2022
Inflation is historically high and is hitting nations all over the year. Today on Insight, Josh Rosenstern discusses how the things that impact us the most we know the least about. He says we must be responsible to understand how we’ve gotten here and what not to just pass off lightly. As we watch the value of our dollar decline; one dollar today buys about 40-percent of what it did 35 years ago. Healthy inflation comes about through positive economic growth, as people earn more and then buy more; as prices will go up, society will be able to afford the higher prices because they are making more, and then that drives more competition. Brother Josh says that’s what we should see with capitalism and we will see wealth created. Our nation must continue to promote this pattern, but it is not, and our government wants to tax the successful and share the wealth with all. The more there are increases in stimulus handouts and wage increases without the growth, inflation skyrockets. The pandemic shutdown caused a great disruption to the supply chain, and thus we have seen a stoppage to the positive economic growth.
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