4 ms·
Thoughts on a possible upcoming hyper-inflation?
by pkrumins 5y ago
Thoughts on a possible upcoming hyper-inflation?
- deleted 5y ago[deleted]
- epistasis 5y agoI don't think we have seen any sign of that yet. Car prices are inflated because production is only at, say, 12M cars not 17M cars, and there's not much reason to decide that future production of cars should be lower than it historically has been. It's not a huge amount of new money flowing into the system, it's just a bunch of mismanagement of supply chains. (Well, I want car production to be far lower for political reasons, but I'd rather change city structure to accomplish that, not artificially limit car production because of supply chain effects. That's a completer separate issue.) Additionally, we are flushing out a lot of low-productivity employers, and bringing far more people into the workforce. This is a recipe for a far stronger economy in the future, with happier and wealthier people. I'm optimistic of the course of the future.