Quote:
Originally Posted by GGG
What’s interesting about inflation is that a lot of it is attitude. If people think there will be inflation inflation is much more likely and in general the cure to inflation is people thinking inflation will go down in the future.
So these actions need to solve the technical issues of low productivity and increased energy prices creating an over supply of money and the strong language against inflation is designed to attack the psychological side.
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Have you been grocery shopping lately or filled your car? They are 25-50% higher then pre pandemic. No amount of thinking will change that.