How well do average citizens understand inflation? Host Tony Castañeda and his economically-curious sidekick Eli Wilz get answers to this question and many others on this Thursday’s “Inflation 101” edition of the 8 O’Clock Buzz.

David Fuller of the UW-Oshkosh Department of Economics defines inflation and its 3 major causes, and explains why pointing fingers at politicians in general and the Biden Administration in particular is misguided. There’s currently a lot of “buzz” about inflation in the news and while it’s politically convenient to blame the sitting president, the reality is that it’s the Federal Reserve (the U.S. central banking system) that controls money supply and interest rates, both of which influence the labor market and consumer prices.

Photo courtesy of geralt on Pixabay.

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