Warren Buffett is right, inflation is running rampant

Re:Warren Buffett is right, inflation is running rampant by PaulBGD_ on Wednesday May 05, 2021 @08:22PM (#27057633)

This article seems to imply that people purchasing more things, and especially willing to pay more than they're worth is causing inflation. If that follows, what would be the reasons for that? Being at home, stimulus checks, or something else?

[ Parent | on HN ]

Re:Warren Buffett is right, inflation is running rampant by BikiniPrince on Wednesday May 05, 2021 @08:33PM (#27057727)

So it’s not due to the fed printing massive amounts of money? I feel they are conveniently forgetting how we just shrank the dollars value merely months ago. The toll comes due.

[ Parent | on HN ]

Re:Warren Buffett is right, inflation is running rampant by plausibledeny on Wednesday May 05, 2021 @08:46PM (#27057841)

We're been hearing that since 2008. "Hyperinflation is just around the corner trust me!"

[ Parent | on HN ]

Re:Warren Buffett is right, inflation is running rampant by throwaway0a5e on Wednesday May 05, 2021 @08:49PM (#27057873)

The broken clock is gonna be right eventually.

[ Parent | on HN ]

Re:Warren Buffett is right, inflation is running rampant by mcguire on Wednesday May 05, 2021 @09:06PM (#27057976)

First, what does "willing to pay more than they're worth" mean? (If something can be sold for $X, then it's worth $X.)

Stimulus checks is one option. Another is the end of pandemic-related uncertainty. A third is increased employment with the winding down of the pandemic. I haven't seen any numbers on any of those.

[ Parent | on HN ]

Re:Warren Buffett is right, inflation is running rampant by gtirloni on Wednesday May 05, 2021 @08:26PM (#27057673)

Once you're used to a certain lifestyle, it's hard to go back. My guess is that people are just willing to pay more to maintain their lifestyles... but everything has a limit.

[ Parent | on HN ]