Re:The Long History of Nobody Wants to Work Anymore
by polynomial on Sunday July 30, 2023 @04:42PM
(#36935734)
Of course not, it's driven by ability to pay.
And while I'm not a professional economist it does seem that you are correct in that demand-pull based inflation (cost of goods) tends to only happen in periods of economic expansion, while cost-push inflation (size of money supply) tends to be the driver in slower times.
And while I'm not a professional economist it does seem that you are correct in that demand-pull based inflation (cost of goods) tends to only happen in periods of economic expansion, while cost-push inflation (size of money supply) tends to be the driver in slower times.