> Not enough Housing (where people want and NEED it)
Not a new problem. Wouldn't have caused a spike.
> Global politics exacerbating energy shortages
Energy prices have contributed a little to US inflation, but it's not the main factor. Inflation was also an issue in 2021 before the Ukraine war, but it's a fair point as it hasn't helped in 2022.
> Insufficient supply (generally) for demand
This is an issue, but in recessions it's not uncommon for supply to drop. What's uncommon is for demand not to fall inline (or more than) supply, but instead skyrocket.
Call me crazy, but I have a simpler explanation for the spike in inflation we saw in 2021: https://fred.stlouisfed.org/series/WALCL
The Fed has been funding extremely reckless fiscal policy for two years. We literally shut the economy down and gave people checks for doing nothing. I don't think we need to reach for fancy explanations. The reason for inflation seems plainly obvious to me.
Not a new problem. Wouldn't have caused a spike.
> Global politics exacerbating energy shortages
Energy prices have contributed a little to US inflation, but it's not the main factor. Inflation was also an issue in 2021 before the Ukraine war, but it's a fair point as it hasn't helped in 2022.
> Insufficient supply (generally) for demand
This is an issue, but in recessions it's not uncommon for supply to drop. What's uncommon is for demand not to fall inline (or more than) supply, but instead skyrocket.
Call me crazy, but I have a simpler explanation for the spike in inflation we saw in 2021: https://fred.stlouisfed.org/series/WALCL
The Fed has been funding extremely reckless fiscal policy for two years. We literally shut the economy down and gave people checks for doing nothing. I don't think we need to reach for fancy explanations. The reason for inflation seems plainly obvious to me.