By Mark Thornton
Remember when inflation was “transitory”? Or when Paul Krugman claimed inflation was “under control”? The numbers keep telling us a different story.
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63 sats \ 3 replies \ @grayruby 9 May 2024
I am in Lyn Alden's camp on waves of inflation through this entire decade.
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71 sats \ 2 replies \ @Undisciplined OP 9 May 2024
I'm not familiar with her take on this. Can you elaborate a little?
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90 sats \ 1 reply \ @grayruby 9 May 2024
I am not sure how much I can elaborate but she seems to correlate this era to the decade of the 40s where the war brought about a supply chain crunch and throughout the decade there were three waves of inflation. Early 40s for a couple years and then cooled off for a couple years and then picked up again for a few years when the war ended and then moderated and even went negative towards the end of the decade before picking up again for a couple years in the early 50s before stabilizing until late 60s.
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21 sats \ 0 replies \ @Undisciplined OP 9 May 2024
I figured it would be something along those lines.
Yeah, the scale of economic reallocations that need to be made to adjust for the pandemic mess, wild money creation, war everywhere, etc. is staggering and definitely won't get worked out in a single iteration.
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21 sats \ 0 replies \ @TNStacker 10 May 2024
You must remember the economy is a confidence game. They must maintain confidence even if they are telling obvious lies to the public.
Stack Sats and stay humble
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