Joe Santos: Inflation and the current economy
This video is from SDPB's news program, South Dakota Focus.
Most of us have a vague idea about how the economy works or at least about some of the trends we hear about most often. Inflation is bad. Low unemployment is good.
Low-interest rates make loans more affordable. But when you add a once-in-a-century pandemic, things get more complicated.
For our main Focus tonight, let's head to econ class--and don't worry. No tests this time.