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In the case of the recent wildly sharp increase in consumer prices is caused by lower supply of goods... not by increase of money supply. If the demand stays t
by rndmind 4y ago
In the case of the recent wildly sharp increase in consumer prices is caused by lower supply of goods... not by increase of money supply.
If the demand stays the same, the supply goes down... then the price will go up.
It's pretty common sense if you think about supply and demand, but I am perplexed at the amount of people that don't practice any critical thought, let alone skepticism.
- MuffinFlavored 4y ago> caused by lower supply of goods can you give an example of what specific types of goods?
- battery_glasses 4y agoSemiconductors, shipping containers, tampons are some high profile cases. Examples are plentiful
- yobbo 4y agoIt's the price of milk, bread, and meat that is causing CPI to rise. Not PS5s.