3 ms·
If prices go up, it is inflation, whether it is caused by cartel pricing or by the traditional "too much money chasing too few goods". I'm suggesting, and there
by not2b 4y ago
If prices go up, it is inflation, whether it is caused by cartel pricing or by the traditional "too much money chasing too few goods". I'm suggesting, and there seems to be good evidence for this, that when economies were first opening up as Covid restrictions were eased it was mainly the latter problem, but now it is mainly the former problem.