That said, I do think a lot of this inflation will be temporary
That said, I do think a lot of this inflation will be temporary as many of the people overpaying for these items because they're getting stimulus money finish spending it. You're seeing the effects of people who can't save more than $500 in their bank accounts going out and competing for production limited products and hopefully inflation will chill out later in the year.
Its a reactionary response that uses any available economic boogeyman to any form of economics that moves beyond basic Microeconomics, it usually comes from people who for years have touted themselves as 'economics & buisness consultants' without actually being properly informed on economics.in 2010 the same reaction came in the form of defecit hysteria, it wasnt about the defecit, it was about the fact that economists actually came out and provided solutions like QE, but this was a threat to the narrative of buisness over all.
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