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It's disingenuous because there's so much evidence that QE doesn't impact consumer prices. The money supply has been increasing like mad for a decade now, and
by mywittyname 5y ago
It's disingenuous because there's so much evidence that QE doesn't impact consumer prices. The money supply has been increasing like mad for a decade now, and in that time consumer prices have both crashed and exploded at various times.
It's also disingenuous because there are so many reports of shortages across tons of sectors. Which is the most obvious and immediate cause of price increases. Demand is staying the same or increasing while supply has plummeted. Prices are going to spike in that situation regardless of QE or other money supply increases.
We aren't even insulated from this. There are bidding wars for everything now. Lots of people here have direct experience with difficulty sourcing components and customers who are willing to pay crazy prices for what limited capacity their companies have.