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There’s a difference between inflation and a price hike within one industry Of course inflation is permanent. The mechanics of money would break down otherwise
by thrashh 4y ago
There’s a difference between inflation and a price hike within one industry
Of course inflation is permanent. The mechanics of money would break down otherwise. When money can deflate, money becomes an investment vehicle like crypto did and we know how bad that is.
When there is a threat of inflation, it forces people to transfer money instead of hoarding it. That is the entire purpose of money.
Now, about the price hike… is it permanent? Probably not when there are 160,000 competing poultry farms.
- NineStarPoint 4y agoNot just the competition between poultry farms either, but competition with any other protein a person can eat. The closer eggs gets in price per calorie to meat (or nuts, cheese, etc), the less people are likely to choose eggs. There’s plenty of food out there, and a large part of the historic popularity of eggs has been their cheap price.