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This is Democracy – Episode 202: Inflation

This is Democracy

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Inflationary Moment of Drama

Gas prices in Los Angeles have gone from around two or $3 a gallon to $8. Why has this happened? I think to dub it an inflationary situation is already to concede, as it were, that there is a big drama going on here. What we're seeing is a spike in a variety of different prices around the world. It's nowhere near extreme in the United States as it is in many other parts of the world. Most forecasts suggest that prices will be coming down again. We may be close to the peak. If we're not at the peak, we're very close to it.

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