Economics

1715 readers

6 users here now

founded 5 years ago

MODERATORS

[email protected]

The real story of inflation: Pandemic-era stimulus isn’t the culprit. (www.washingtonpost.com)

submitted 3 days ago by [email protected] to c/[email protected]

4 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 3 days ago (1 children)

Just to add to your comment:

The results show that supply-chain variables directly accounted for 79 percent of the rise in underlying inflation in 2021. These effects then continued into 2022, with ongoing supply issues directly explaining 60 percent of the rise in inflation that year. The rest was more than accounted for by spillovers from the 2021 supply-driven inflation. All of which leaves only a modest role for demand-driven effects like the covid relief package.

[–] [email protected] 1 points 3 days ago (1 children)

Yes, it seems to me that it's really important for us to learn the correct lesson so we can be ready for "the next one"

[–] [email protected] 1 points 3 days ago

Ya bickering and blame aside, it's important to make data informed decisions for future scenarios.

However in the article the quoted CEO states that is wasn't caused by "greeflation" however profit motives were/are very clearly an issue as well.