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As the article states, this isn't indicative of monetary inflation, rather it's a supply and demand issue. I do find myself wondering about the influence of on
by malloryerik 5y ago
As the article states, this isn't indicative of monetary inflation, rather it's a supply and demand issue. I do find myself wondering about the influence of on housing prices of some desire to secure low fixed-rate mortgages while they last.
That said, in case this made it on the board as part of the recent inflation meme, I'll mention that it does seem to me that most evidence used to support the inflation story isn't really about monetary inflation, from chips to bikes to houses to used cars to copper and even labor prices, and the economists who aren't afraid of inflation seem to me to have the better arguments this time. I might have some bias after 2008-9 when a similar chorus of inflation hawks was singing doom, that time during a deflationary event (they claimed the Fed would overprint). Anyway I'm not able to get scared of inflation at this point, but would love to hear thoughtful counter-opinions.