A global pandemic causes production and demand to fall, globally. As the world comes out of the pandemic, pent-up demand rages. There is a subsequent lag in production capacity and supply chains suffer (another global problem erroneously blamed on Biden). When demand outpaces supply, you get inflation.
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When someone told me, “Your broker is on the phone,” I replied, “would that be my stock broker or my pawn broker?” The times we live in.
thanks for the concise take, & truth about inflation!