How do you explain inflation in few words? (Imagine explaining to someone you care about 😅) This is for a project, I thank you in advance!
Prices aren't going up, money is becoming less valuable
Counterfeiting is illegal not because the "fake" dollars are wrong somehow (they might be perfect copies), but because introducing money into the economy that wasn't earned by the creation of value is bad for the economy. Inflation is when the government does this anyway.
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power.
Theft of your time and energy via money printing. Another tax on your life. Whatever you earn and pay tax on, the State steals another percentage by debasing your money.
decline in the real purchasing power of money
Your father could buy a house with 2 years of salaries. You are not be able to buy the same house with 20 years of your salary.