Tech Slowdown Explained, Part 2: Inflation 🐉
Inflation is the thing that everybody tolerates but nobody wants too much of. Let's find out what inflation is and why it is always hanging around.
In the first part of this three-part series, we looked at the basics of what interest rates are and the role the government and central banks play in helping set the rate. A big takeaway is that lower interest rates are good for borrowers because it reduces the total amount that one has to pay back.
By all accounts, keeping interest rates low seems great…