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A comment on Inflation rises 7.5% over past year, more than expected and highest since 1982. Parent comment

Re:Inflation rises 7.5% over past year, more than expected a... by keyboardCowBoy on Thursday February 10, 2022 @10:38AM (#30287651)
You think dumping trillions of money in a covid stimulus package didn't cause inflation? Most of went to the rich anyway. Demand should go down when prices go up.
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Re:Inflation rises 7.5% over past year, more than expected a... by wycy on Thursday February 10, 2022 @11:28AM (#30288538)
I don't think so, because as you said most went to the rich anyway. For the inflation to be caused by the stimulus, it'd have to actually be in the hands of people spending it.

Demand can only go down when prices go up for elastic goods, so this isn't a factor for, e.g., oil, and anything made or transported using it (everything). Demand is further increased by people having already put off a lot of spending for 2 years.

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