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Latest data I saw showed factory input prices are up but not currently being passed on to consumers, possibly because businesses know it will be very poorly rec
by 01100011 6y ago
Latest data I saw showed factory input prices are up but not currently being passed on to consumers, possibly because businesses know it will be very poorly received by both consumers and the media.
Inflation is coming, but it seems to be inflation driven by supply disruptions and not monetary policy driven inflation. I'm still not 100% on board with the idea, but I've been reading lately that QE is basically low-velocity money and doesn't necessarily contribute to inflation. I know we didn't get much inflation after QE'08 and the velocity of money has been in the toilet since then. Combined with the USD reserve currency status I think we could actually end up with deflation but IDK. Real economists can't figure it out and I'm just some idiot on the internet.
- lottin 6y agoOk. My advice is, if you are interested in economics, get yourself informed from reputable sources, and be always sceptical, but especially of claims made by non-economists who have read some bitcoin whitepaper and think they understand economics.