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> It's the result of too much money sloshing around in the economy, thanks to trillions in deficit spending. Or it's because of oil suddenly getting expensive:
by throw0101c 4y ago
> It's the result of too much money sloshing around in the economy, thanks to trillions in deficit spending.
Or it's because of oil suddenly getting expensive:
* https://en.wikipedia.org/wiki/Cost-push_inflation https://en.wikipedia.org/wiki/Cost-push_inflation
- WalterBright 4y agoCost-push inflation is a myth. The proof is that there is no general price decrease when oil prices drop.
- throw0101c 4y ago* https://en.wikipedia.org/wiki/Nominal_rigidity https://en.wikipedia.org/wiki/Nominal_rigidity