How we got to the highest inflation in 40 years

The video explores the causes and mechanisms of inflation, comparing the 1980s to the present. It explains demand pull and cost push inflation, highlighting current factors like supply shortages, worker demands, federal aid, and low interest rates. The impact of global events, such as the Ukraine war, on inflation is also discussed.

Explain the concept of 'demand pull' and 'cost push' in relation to inflation.

What impact did Russia's invasion of Ukraine have on inflation?