What is Inflation? (Inflation Explained in Under 3 Minutes)
First off, let me say that I have a bone to pick with any video that claims to be “under three minutes” but actually clocks in at 3 minutes and 28 seconds. With that off my chest, this is a simple, straightforward explainer. It’s composed of stock footage, so if you’re a visual learner looking for informative illustrations, this is not the video for you (but do keep scrolling to at least the next slide).
A major angle in this video is that while many people have a connotation that inflation is very bad, “inflation on its own is actually a necessary part of a functioning economy.” It’s true that the Federal Reserve targets a 2% annual inflation rate, believing gradual price increases help encourage economic activity. As you educate yourself on the topic, you can begin to form your own opinions.
If you like Concerning Reality’s straightforward explainer stylings, I recommend their “history of memes” video, as well.
