The sharp increase in inflation over the past year has blindsided many economists. Almost no one saw it coming

submitted by Drewski from (files.catbox.moe)

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]Jermacide 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Whaaaat!? Printing trillions of dollars and having a massive supply chain breakdown creates inflation?! None of my professors at Yale taught me about this basic common sense math of 1+1=2 in my Economics courses. I'm gonna sue my parents for paying for me to go to a terrible University.

[–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Supply chain breakdown due to government mandates and lockdowns causes wealth transfer of trillions from middle-class and we get back 1.5K that we have to pay back anyway in increased commodity prices.