"Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy." "In regards to current inflation, the main contributing factors include the increase in the money supply, worker shortages and rising wages, supply chain disruption, as well as fossil fuel policies."  "Inflation can be controlled by a contractionary monetary policy. A contractionary policy aims to reduce the supply of money within an economy by lowering the prices of bonds and rising interest rates. Thus, consumption falls, prices fall and inflation slows down." Current plan to fight inflation: Add more free money into the economy...