Re:Summers: Inflation Reached 18% in 2022 Using the Governme...
by jimkleiber on Sunday April 14, 2024 @02:49AM
(#40029191)
For me, I'm not surprised inflation went up. We had a global lockdown during which some industries made a lot of money and some industries made little to no money. Once the lockdown ended, I assume the ones who made a lot started to lose sales and increased their prices to keep growing. I assume the ones who didn't make a lot of money started to increase sales again and probably increased their prices to recover the money they didn't make. I imagine both of them want to make sure they have enough money to survive another global crisis, especially the ones that almost didn't survive it.
So, yes, I think the government has a role in trying to limit inflation (and also increase wages), I just think that some inflation makes sense from those dynamics above.
So, yes, I think the government has a role in trying to limit inflation (and also increase wages), I just think that some inflation makes sense from those dynamics above.