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Inflation came from supply chains breaking down with Asia. Inflation will continue until that problem is addressed.
by bparsons 4y ago
Inflation came from supply chains breaking down with Asia. Inflation will continue until that problem is addressed.
- qaq 4y agoand the fact we doubled monetary base at the same exact time had no effect ?
- aaomidi 4y agoAnd the amount of PPP loans we gave out to people with no accountability. And the reduction in taxes, in the years prior to that.
- WalterBright 4y agoIf that explanation was correct, we'd see periods of deflation when those problems go away. We don't see any deflation, and haven't since 1914 when we switched to fiat money. (other than a brief deflationary period during the Great Depression) Before 1914 we saw periods of inflation and deflation, netting out to about zero.