4 ms·
That's a valid hypothesis, and I think there are some counter examples to your claim, certainly. GPUs are a great example of a manufactured good that encountere
by beebmam 4y ago
That's a valid hypothesis, and I think there are some counter examples to your claim, certainly. GPUs are a great example of a manufactured good that encountered an enormous supply chain disruption event, inflated massively, and then now that the supply chain disruption event is over, deflated massively.
- roenxi 4y agoIt isn't really a counterclaim. I'd go as far as saying 'supporting evidence'. Supply chain disruptions get sorted out pretty quickly as people move heaven and earth to try and catch the inflated profits before they vanish. Sustained multi-year inflation is more or less always due to government policy of printing money. Although these days the stats suggest it might also stem from a general energy crisis; the West has done a pretty solid job so far of cutting loose any reliable sources of energy. Still government policy, but it'll be a change from the running printing presses.
- WalterBright 4y agoWe've had energy prices soar and collapse many times. The soaring was always blamed for inflation, and there was no deflation from the collapses.