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It means we're experiencing a period of uniquely high constraints. There are less goods available now than there used to be, because the normal levels of supply
by socialismisok 4y ago
It means we're experiencing a period of uniquely high constraints. There are less goods available now than there used to be, because the normal levels of supply are constrained by pandemic and war.
- s1artibartfast 4y agoI'm not sure that is backed up by data. If you look at consumption, I think you see an increase in the volume goods purchased, not a reduction.
- caeril 4y agoBusiness inventories are the highest they've been in a decade right now. There are pockets of supply constraints, like energy and raspberry pis, but for the most part we are overflowing with inventory.
- mitthrowaway2 4y agoIf this were even true, it would only mean that aggregate demand has to decrease proportionately in order to maintain price stability.