Except that’s not what happened, companies used the slowdowns in shipping from Covid shutdowns as an excuse to raise prices, then never lowered them. This isn’t inflation, this was intentionally planned, don’t belive me? Listen to their fucking earnings calls specifically saying it out loud.
Look at the money supply compared to inflation. Inflation went up due to supply shocks, central banks printed money as supply shocks eased, and we’re left with stable, higher prices.
If central banks didn’t print money during the inflationary period, we would’ve seen a period of deflation as prices returned roughly to where they were.
Except that’s not what happened, companies used the slowdowns in shipping from Covid shutdowns as an excuse to raise prices, then never lowered them. This isn’t inflation, this was intentionally planned, don’t belive me? Listen to their fucking earnings calls specifically saying it out loud.
Look at the money supply compared to inflation. Inflation went up due to supply shocks, central banks printed money as supply shocks eased, and we’re left with stable, higher prices.
If central banks didn’t print money during the inflationary period, we would’ve seen a period of deflation as prices returned roughly to where they were.
Seriously, look up the numbers. Here’s UK money supply, for example.