We arguably have a demand crisis as well, because we’re at full employment. At full employment, as more people get income, they are willing to pay more for good

We arguably have a demand crisis as well, because we’re at full employment. At full employment, as more people get income, they are willing to pay more for goods. We see this in the housing market and the car market right now. This is textbook economics, and sure, there are new variables taking part in the game (wall street speculators buying homes as investments), but everything else is pretty by the books (low interest rates, rising inflation). The big question is if the fed can tighten monetary policy without crashing the economy.