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I think it does. The author asserts that rather than focus on too much money in the system as the cause of inflation, we should really be focused on how the me
by aeternum 5y ago
I think it does. The author asserts that rather than focus on too much money in the system as the cause of inflation, we should really be focused on how the means of production has been shutdown or inhibited.
The assertion is that government-imposed supply chain disruption is the primary factor currently driving inflation.
- quantified 5y ago> A rise in one price due to lack of supply implies a fall in other price This makes no sense. Price rises beget price rises. Oil, computer chips, labor, whatever.
- Proven 5y agoOf course it makes sense. If the meddling central planners didn't screw up and created all sorts of artificial shortages (labor, nat gas, chips, services), producers of substitute goods would increase their production and lower their prices because fixed costs would be spread over more units.