Bell Ringers

Bell Ringer: An Alternative Definition of Inflation

A New Definition of Inflation

Forbes Media chairman and co-author of "Inflation" Steve Forbes presented his definition of inflation. He was interviewed by New York Times economics reporter Jeanna Smialek.

Description

Forbes Media chairman and co-author of "Inflation" Steve Forbes presented his definition of inflation. He was interviewed by New York Times economics reporter Jeanna Smialek.

Bell Ringer Assignment

  • According to Steve Forbes, what are the "two kinds" of inflation?
  • What examples of the first kind of inflation does Forbes provide? Based on the clip, how does this type of inflation typically end?
  • Based on the clip, what causes the second type of inflation? Why is this type "ominous?"
  • According to Jeanna Smialek, how is inflation "traditionally" defined?
  • Does Forbes agree with the traditional definition? Why or why not?

Additional Resources

Participants

    Vocabulary

    • Central Bank
    • Coronavirus
    • Currency
    • Demand
    • Federal Reserve
    • Inflation
    • Price
    • Supply
    • Supply Chain
    • World War Two

    Topics

    Bureaucracy & RegulationEconomics & Financial LiteracyU.S. History

    Grades

    Middle SchoolHigh SchoolUniversity