Re:US inflation jumps to 31-year high amid global supply cha...
by wbsss4412 on Wednesday November 10, 2021 @02:37PM
(#29179472)
What you’re describing around consumer expectations is that the absolute price level continues to rise at a higher as consumer expectations change. It doesn’t follow however that the rate itself increases due to this dynamic. Consumer expectations tend to anchor inflation at a particular level.
This is just a fundamental misunderstanding of what causes hyperinflation.
This is just a fundamental misunderstanding of what causes hyperinflation.