I could argue that underinvestment in electrification and renewables are the true cause of price inflation from these two processes. If we electrified like China, there would not be the impact we see.
> I could argue that underinvestment in electrification and renewables are the true cause of price inflation
And I'll argue that yours is a rather uninformed and illogical statement. Inflation is the result of the opposite of underinvestment, trying to cure inflation with more investment is like trying to put out fires with gasoline.
The whole logic of raising interest rates is based on reducing the gasoline but that doesn't work for the present kinetic and AI wars which are fueled regardless of cost - interest or otherwise. There's your explanation for the persistent inflation.
> If we electrified like China, there would not be the impact we see.
Chinese consumer inflation is below 1.3% Maybe they know something about not treating everything as a war?
And I'll argue that yours is a rather uninformed and illogical statement. Inflation is the result of the opposite of underinvestment, trying to cure inflation with more investment is like trying to put out fires with gasoline.
The whole logic of raising interest rates is based on reducing the gasoline but that doesn't work for the present kinetic and AI wars which are fueled regardless of cost - interest or otherwise. There's your explanation for the persistent inflation.
> If we electrified like China, there would not be the impact we see.
Chinese consumer inflation is below 1.3% Maybe they know something about not treating everything as a war?