Why Does Everything Cost More? ¿Por qué todo cuesta más? Due to the Covid-19 pandemic, prices for everyday items shot up. Neither political party directly controls prices, businesses set their own prices—only in socialist or communist systems does the government set prices. This happened due to supply-chain problems caused by the pandemic. But in the U.S., the party in power often gets blamed for high prices. Inflation happens when businesses keep raising prices over time. While a small amount of inflation (2-3% per year) is good for the economy, a major disruption, like the pandemic, can cause inflation to spike... Continue reading→