Inflation is nothing more then excess funds chasing limited products/services.. expand the debt to contain inflation is nonsensical.. each and every inflationary period was cured by contracting money supply, thus reducing demand... As for the congressional hearings into the Capitol Riots, 50% of the population deem them to be simply a pa…
Inflation is nothing more then excess funds chasing limited products/services.. expand the debt to contain inflation is nonsensical.. each and every inflationary period was cured by contracting money supply, thus reducing demand... As for the congressional hearings into the Capitol Riots, 50% of the population deem them to be simply a partisan process.. unlike the 911 panel which was balanced and objective, the current committee, is not!
Isn't one of the reasons for limited products and services the lack of labor supply? I think its more accurate to locate the problem for this round of inflation in the precipitous drop in green card issuances and plummeting immigration during the pandemic. There's just less people to work, and the people who are working are in a position to secure better pay and benefits. Both of these things dramatically raise the price of basic consumer and intermediate goods — everything from Dominoes chicken wings to 2 day shipping. You just need people to work in the meat factories and drive the trucks, undesirable and often low-paying jobs that people will transition out of when the labor market is this tight
Tight labor has no effect on new and used car prices which is one of the major drivers Of inflation during this period, tight new car supply due to chip supplies which will eventually subside by 2023. Prices of electricity and gas at the pump will not receded given the ‘green drive ‘ of this administration. My guess is we will see inflation at 4 to 5% going forward.
I agree with the economists who forecast a drop in the inflation, but the development of a ‘wage price spiral ‘ will be with us until the next recession!
Inflation is nothing more then excess funds chasing limited products/services.. expand the debt to contain inflation is nonsensical.. each and every inflationary period was cured by contracting money supply, thus reducing demand... As for the congressional hearings into the Capitol Riots, 50% of the population deem them to be simply a partisan process.. unlike the 911 panel which was balanced and objective, the current committee, is not!
Isn't one of the reasons for limited products and services the lack of labor supply? I think its more accurate to locate the problem for this round of inflation in the precipitous drop in green card issuances and plummeting immigration during the pandemic. There's just less people to work, and the people who are working are in a position to secure better pay and benefits. Both of these things dramatically raise the price of basic consumer and intermediate goods — everything from Dominoes chicken wings to 2 day shipping. You just need people to work in the meat factories and drive the trucks, undesirable and often low-paying jobs that people will transition out of when the labor market is this tight
Tight labor has no effect on new and used car prices which is one of the major drivers Of inflation during this period, tight new car supply due to chip supplies which will eventually subside by 2023. Prices of electricity and gas at the pump will not receded given the ‘green drive ‘ of this administration. My guess is we will see inflation at 4 to 5% going forward.
I agree with the economists who forecast a drop in the inflation, but the development of a ‘wage price spiral ‘ will be with us until the next recession!