4 ms·
If gas was magically $16 a gallon tomorrow, it would amplify inflation. Markets and their workers would demand wage increases, which would of course trickle to
by Shocka1 3y ago
If gas was magically $16 a gallon tomorrow, it would amplify inflation. Markets and their workers would demand wage increases, which would of course trickle to everything else.
And yes, imagine what this would look like at $20 a gallon :/
- michaelcampbell 3y agoThere's a fascinating book that explores this exact thing, in $1/gal increments. Worth reading.
- Shocka1 3y agoWell you gotta drop the book name with that nugget!
- michaelcampbell 3y agohttps://www.timesunion.com/opinion/article/20-gasoline-don-t-worry-and-don-t-drive-555114.php https://www.timesunion.com/opinion/article/20-gasoline-don-t... is a short opinion piece on it with some links and such.
- Shocka1 3y agoThanks for that link. I'd love to see how the author factors in inflation with the thought experiment. Reviews on Amazon don't mention this at all unfortunately.