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>>Prices are not rising because people have too much money and are over purchasing food and energy just to show off to their neighbours. I dont believe I said
by phpisthebest 4y ago
>>Prices are not rising because people have too much money and are over purchasing food and energy just to show off to their neighbours.
I dont believe I said that in any statement, that is red herring and strawman in one. Good job...
Most of the expansion of the monetary supply has been doled out in the form to debt not cash. However buying goods (Cars Home, etc) with massive amounts of debt still causes inflation
Of course Supply chain issues account for some inflation as well, but not all of it.
>> Introduce price controls and rationing on food and basic services
In the entire history of the world, that has never worked, nor will it ever work