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It’s kinda easy to see why inflation is limited to certain sectors — “trickle down” isn’t working! CPI rises only if the money reaches the hands of poor(er) con
by ssivark 7y ago
It’s kinda easy to see why inflation is limited to certain sectors — “trickle down” isn’t working! CPI rises only if the money reaches the hands of poor(er) consumers who spend all their money on essentials. But currently the money is being made available largely to large corporations (etc) who can borrow at low interest rates — and they’re choosing to spend on financial assets — which is where we note the “inflation”.
- dpc_pw 7y agoExactly. I have a blogpost about this https://dpc.pw/my-view-on-macroeconomy https://dpc.pw/my-view-on-macroeconomy