Inflation and money?

Question

Because of inflation Are some people making ginormous piles and piles after piles of money everyday like it’s the end of the world

Answer 1

I think rich people are becoming richer and poor people are becoming poorer. All of us are affected by this pandemic and it needs to be controlled and stopped as soon as possible.

Answer 2

No, inflation does not necessarily lead to people making large amounts of money every day. Inflation is an increase in prices and wages, which can lead to people having more money to spend. It is important to note that inflation does not necessarily lead to people making large amounts of money. Additionally, it is important to note that inflation can also lead to an increase in the cost of goods and services, which can have a negative impact on people's finances.

Answer 3

Long-lasting episodes of high inflation are often the result of lax monetary policy. If the money supply grows too big relative to the size of an economy, the unit value of the currency diminishes; in other words, its purchasing power falls and prices rise.