Inflation: Why Is Everything Getting So Expensive?

The all-powerful show notes: https://www.reddit.com/r/madmadworldpod/ (The Official Mad Mad World Subreddit!) https://www.businessinsider.com/what-is-inflation (What is inflation? | Business Insider) https://www.investopedia.com/terms/c/consumerpriceindex.asp (Consumer Price Index (CPI) | Investopedia) https://www.youtube.com/watch?v=Ug_q97QKDjk (What Does the Federal Reserve Do? | TD Ameritrade - YouTube) https://www.reuters.com/markets/us/us-consumer-prices-increase-further-november-2021-12-10/ (U.S. inflation sizzles as consumer prices post biggest annual gain since 1982 | Reuters) https://apnews.com/article/latest-inflation-numbers-consumer-prices-616055db3bf67691b4fdc0015fc00783 (Surging inflation is forcing people and businesses to adapt | APNews) https://apnews.com/article/coronavirus-pandemic-health-lifestyle-business-jerome-powell-3ce105edc2615e7d31ebeeda01710b3c (EXPLAINER: Why US inflation is so high, and when it may ease | APNews) https://www.forbes.com/sites/sergeiklebnikov/2021/12/10/sp-500-closes-at-new-record-despite-inflation-hitting-nearly-40-year-high/?sh=11cfbece59bd (S&P 500 Closes At New Record Despite Inflation Hitting Nearly 40-Year-High | Forbes) https://www.theverge.com/2021/12/10/22828132/google-employee-wages-inflation-2021-record-profits (Google tells employees it won't raise everyone's wages to keep up with inflation | The Verge) https://www.investopedia.com/terms/w/wage-price-spiral.asp (Wage-Price Spiral | Investopedia) https://www.investopedia.com/articles/economics/09/1970s-great-inflation.asp (How the Great Inflation of the 1970s Happened | Investopedia) https://www.youtube.com/watch?v=Am17uljm440 (What the Inflation of the 1970s Can Teach Us Today | WSJ - YouTube) https://www.youtube.com/watch?v=FA0YrkxOLbs&t=806s (Can The Inflation Crisis In The U.S. Be Stopped? | CNBC - YouTube)