Re:Fiscal-Driven Inflation
by ericmay on Tuesday May 18, 2021 @10:52PM
(#27203998)
Yea same. Inflation now has been lead by automobiles and semiconductors as far as consumer prices are concerned. And go figure that’s due to just-in-time manufacturing having a black swan event.
The idea of hyperinflation meaning 20%-50% increases in prices month over month is nonsense. People point to countries like Germany at the end of WWI as if it’s relevant or telling - it’s not. The circumstances are so completely different you might as well argue we’ll have deflation because of it. Pure nonsense.
There’s some concern about asset prices, though. Again, this is general inflation, however.
I’d love to see a well-reasoned argument saying we are heading toward hyperinflation (somehow the U.S. only). But… I’ll believe it when I see it.
The idea of hyperinflation meaning 20%-50% increases in prices month over month is nonsense. People point to countries like Germany at the end of WWI as if it’s relevant or telling - it’s not. The circumstances are so completely different you might as well argue we’ll have deflation because of it. Pure nonsense.
There’s some concern about asset prices, though. Again, this is general inflation, however.
I’d love to see a well-reasoned argument saying we are heading toward hyperinflation (somehow the U.S. only). But… I’ll believe it when I see it.