sting in the rafters
slimey56
Jr. Member
Posts: 1,495
Political Matrix E: -6.46, S: -7.30
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« on: July 01, 2022, 12:53:46 AM » |
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At any rate, the colloquial definition of inflation refers to costs growing faster than buying power for the average consumer. In some cases this refers to unscrupulous banks expanding the money supply without any material gains not closing to wages. Another cause is supply chain shocks inducing bottlenecks in aggregate supply and thus an increase in prices vis a vis unyielding demand. Inflation can even occur when otherwise strong consumer spending closes to retained earnings with no growth in wages/salaries expenses, both diminishing consumer buying power and exacerbating wealth concentration.
Which do you see as the primary cause of inflation today? That's more a Rorschach of your worldview than anything else.
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