Hacker News new | ask | show | jobs
by cm2187 1266 days ago
The fact that the inflation predates the war in ukraine by several months should be evidence that Ukraine isn't the primary reason. That at least shouldn't be in dispute.

I am not sure what sort of evidence you would expect. Every time you print money you create inflation. Even the post 2008 QE created massive asset inflation that wasn't captured in the main CPI, but the logic still stands.

1 comments

While money supply is one of the factors, most economists don't seem to think it is the largest factor nor the most important. The world supply chain is still catching up from covid shutdowns. The auto industry is a perfect example of this. There are still waitlists for many new vehicles. Which has also caused increases in the used market. Now that supply chains are finally starting to catch up, we are already seeing prices fall in the used market, despite overall inflation.