The impact of high inflation on individuals’ finances is not something to take lightly, especially in the U.S., because for almost 40 years we have had no experience with such an event and have no clue how to deal with it or how to try to minimize its negative impact. In other countries that is not the case, as low inflation has not been part of their experience, and in some of them, people have become accustomed to dealing with high inflation. For companies, high inflation is not good for business, even if politicians always use firms’ price increases as scapegoats for their failure to help keep price increases ... (full story)