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by joneholland 1031 days ago
Both of you are pushing a misleading agenda so I’ll add a third one.

Food prices didn’t skyrocket from an excess of demand, and they didn’t purely skyrocket because of corporate greed.

They went up because the cost of production went up. Because oil went up so transport went up. Because grain supply chains were disrupted by the war. Every step of production has become more expensive. All of it was supply side driven. Not consumption driven.

Almost all of the inflation in 2021 was supply side driven, but we needed to get away from the zero interest rate trap of the last decade so the fed wasn’t going to let a good opportunity go to waste.

1 comments

I don't know how the US treasury and the Fed can pump that much money into the economy and you don't think demand changed at all. You know the basic definition of inflation is having more money than goods and services?