Why High Inflation Has Lasted for So Long | WSJ?

Imagine your piggy bank is a money machine that gives you more coins every day, but only if you keep feeding it. That’s what’s happening with high inflation, and it's been going on for so long because the money machine has been getting extra hungry.

Normally, when your piggy bank is happy, it gives you just enough coins to buy a candy bar or two. But now, it’s like your piggy bank got a big smiley face and decided to give you double the coins every day, that's inflation! And it's been doing this for a long time because people are still keeping it happy with lots of new coins.

Even though the piggy bank is super happy, it can't stop giving out more coins. It’s like when you’re really excited and you just have to give your friend extra toys, even if they already have enough. That's what happened with money in many places: people kept feeding the piggy bank, so it just kept going, and going, and going.

Now, everything costs more because of that extra coin flood, like when you get a bigger bag of candy than you can eat!