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Agreed. It's way too early to say that this inflation is not transitory. Check back in a year and if it's still at this level then it's not transitory, but for
by UncleOxidant 5y ago
Agreed. It's way too early to say that this inflation is not transitory. Check back in a year and if it's still at this level then it's not transitory, but for now it's too early to make that call.
- willcipriano 5y agoIt's not too early to call it transitory, but it's too early to call it not transitory? Why does the counter view have a higher standard of evidence?
- dionian 5y agoEverything is transitory, the earth will explode at some point and I'm sure the US dollar won't be around by then.
- UncleOxidant 5y agoThere wasn't inflation (outside of housing perhaps) prior to the pandemic event. Then the event hits which perturbed the system and led to monetary and fiscal responses. We saw some deflation early in the event (remember those low oil prices in May/June of 2020?) and now we've been seeing inflation for about 6 months. We're still too soon after the perturbation to know for sure if this isn't just ringing in the system.