By Sam Jackson (Nevada Business Daily)
As inflation continues to rise to levels not seen in Nevada in decades, experts are examining the causes and looking for reasons behind it.
The Functional Government Initiative (FGI), a nonpartisan organization that seeks transparency in government, has asked several government agencies for information so that the root causes of the high inflation rates can be shared with the public, the organization said in a recent news release on its website. Among the oft-cited causes are the COVID-19 pandemic and the approximately $5 trillion in federal government relief spending as a result. Supply chain issues are another factor, but no consensus has been reached as to why inflation has risen so much.
“A strong economy and a healthy America are goals all Americans share,” McGinnis said in the release. “As we get records back on these key decisions impacting inflation, we will soon find out whether actions of the federal government are aiding or impeding those goals.”