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> The pandemic has been good fuel for inflation and continues to do so Not just some abstract "pandemic" but specific policies adopted by specific people. Don'
by janeroe 5y ago
> The pandemic has been good fuel for inflation and continues to do so
Not just some abstract "pandemic" but specific policies adopted by specific people. Don't turn it into a Hegelian providence as if no one is responsible and it's a self propagating process that would happen regardless.
- astrange 5y agoIt's because - people couldn't go on vacation so they all switched to buying durable goods at the same time. (that's why supply chains don't hold up, it's a crisis of abundance not deprivation.) - workers in some industries died (like meatpacking) or quit (like restaurants). - we haven't built enough houses since 1970 and everyone decided to buy a house at once. It's not because of stimulus though; making people poorer so they can't buy cars is not a good solution to cars being too expensive.