Re:The problem isn't inflation. It's prices. What goes up ma...
by marcosdumay on Wednesday November 08, 2023 @12:29PM
(#38193822)
> In theory supply and demand should force prices back down over time
I'd bet that the theory you are using doesn't care a bit if prices go down or salaries go up.
I say that because no, no reasonable economic theory predicts prices go back down after a high inflation. That's because this is very obviously false. (Maybe a few do, by a small bit. Certainly not on average.)
I'd bet that the theory you are using doesn't care a bit if prices go down or salaries go up.
I say that because no, no reasonable economic theory predicts prices go back down after a high inflation. That's because this is very obviously false. (Maybe a few do, by a small bit. Certainly not on average.)