Inflation is a complicated topic that doesn't get adequately captured in the sound bites.
I kept hearing clips of voters saying they want prices to go back down, but my understanding of the economics is that this would be terrible. Instead, IMO, what we need is for wages to increase while minimizing the inflationary effect of wage increases. That's not a catchy slogan, however.
Parallel to this, I don't think the post COVID inflation is really due to politicians.
I kept hearing clips of voters saying they want prices to go back down, but my understanding of the economics is that this would be terrible. Instead, IMO, what we need is for wages to increase while minimizing the inflationary effect of wage increases. That's not a catchy slogan, however.
Parallel to this, I don't think the post COVID inflation is really due to politicians.