The economy’s turbulent recovery from the Covid Recession has raised a lot of fears about inflation, where we all end up paying more for everything. The very mention of the word can send shivers down the spines of Americans who remember the crippling rates of inflation in the 1970s and 80s. That was bad inflation. But there’s also good inflation, in which a growing economy can mean prosperity for many investors, chief among them homeowners. We’ll examine the history of inflation in the United States, how its management is one of the primary concerns of the Federal Reserve, and how to keep the “I” word in perspective.