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People look at the monetary policy side of things, but I think shortages have just as much to do with inflation. If I see there are no eggs in the grocery stor
by cduzz 5y ago
People look at the monetary policy side of things, but I think shortages have just as much to do with inflation.
If I see there are no eggs in the grocery store, I'm happy to pay whatever they cost next time I see them. If I can only get gasoline 3 days out of the week and I need gasoline, I'll pay whatever the asking price is for that gasoline.
Sure, maybe they flooded the zone with billions of dollars, but that's been going on for a long time. The difference now is that lots of stuff just isn't available.