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This article seems to imply that people purchasing more things, and especially willing to pay more than they're worth is causing inflation. If that follows, wha
by PaulBGD_ 5y ago
This article seems to imply that people purchasing more things, and especially willing to pay more than they're worth is causing inflation. If that follows, what would be the reasons for that? Being at home, stimulus checks, or something else?
- gtirloni 5y agoOnce you're used to a certain lifestyle, it's hard to go back. My guess is that people are just willing to pay more to maintain their lifestyles... but everything has a limit.
- BikiniPrince 5y agoSo it’s not due to the fed printing massive amounts of money? I feel they are conveniently forgetting how we just shrank the dollars value merely months ago. The toll comes due.
- plausibledeny 5y agoWe're been hearing that since 2008. "Hyperinflation is just around the corner trust me!"
- throwaway0a5e 5y agoThe broken clock is gonna be right eventually.
- mcguire 5y agoFirst, what does "willing to pay more than they're worth" mean? (If something can be sold for $X, then it's worth $X.) Stimulus checks is one option. Another is the end of pandemic-related uncertainty. A third is increased employment with the winding down of the pandemic. I haven't seen any numbers on any of those.