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> the price of things like groceries, beer and travel double or triple what they were in 2019. It's already the case. Not 2x or 3x but double digits inflation
by hartator 6y ago
> the price of things like groceries, beer and travel double or triple what they were in 2019.
It's already the case. Not 2x or 3x but double digits inflation on groceries notably meat products won't be surprising when we do the math next year.
- djur 6y agoOverall inflation is at roughly the same nearly flat level it's been for a decade. Food has gone up and energy has gone down, and both of those are easily explained by coronavirus-related supply and demand shifts.
- imtringued 6y agoIf that were true then it would be time to rejoice and watch underemployment disappear. The central bank can then unload its balance sheets and reduce inflation to sustainable levels. If that does not help you can also increase taxation to take care of inflation. There are a lot of tools that can trivially deal with too much inflation but with deflation the only tool you have is the central bank pumping money into the market and so far it is failing to achieve its stated goals.