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The policy changes the more one of those things swings to the extreme. Ultimately growth should be moderated...despite what some believe, high growth all the ti

• xapata 5y ago
  Indeed, the question is how fast is too fast. Right now, the supply problems seem to be dead weight loss, but those are causing inflation and aren't a symptom of it. We should worry when people start hoarding in warehouses, and then only to the extent that we think it's truly a waste and not a reasonable precaution to avoid, say, a toilet paper panic. Purchasing power for the bulk of the US population had been falling since the 70's. We called it low inflation, but that's more from the perspective of an employer than an employee. It seems the low employment rate has finally resulted in purchasing power increases. If prices go up a little as well, I don't mind. Reprinting menus isn't hard.