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Jpeterman12 they/them  25d ago (image post) 342 thread views #332489 earned 140 coins from votes

But Pizzashill assured me the two were completely unrelated?

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https://www.reuters.com/world/us/yellen-says-covid-spending-may-have-contributed-little-bit-inflation-2025-01-08/

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Okay and? Bernanke and Blanchard doesn't = a "general consensus"

https://www.gsb.stanford.edu/insights/grumpy-economist-weighs-inflations-causes-its-cures

John Cochrane: In my analysis, inflation mostly came from the government's $5 trillion in COVID and post-COVID deficits. The government essentially sent people $5 trillion with no plans to pay the money back. People tried to spend it, driving up prices.

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the reason people couldn't spend it was massive supply chain disruptions followed by huge sdemand shocks from the people that spent months not going out and doing anything lmao.

like you understand what you just linked is saying the same thing as bernanke, right?

for some reason they're claiming the spending was the cause and not the supply chains collapsing, causing demand shocks.

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They didn't just "try" and spend it.....they did spend it. You do understand that just handing thousands of dollars to everyone causes prices to go up when they go out and spend it right? Or does that simple concept not really soak in for you

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was supply lower due to the supply chains collapsing?

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Was demand higher because of free money being stuffed down everyone's throat?

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demand might have been higher, but primarily due to people stockpiling money during the shutdowns lol.

but supply was MUCH lower.

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I disagree

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People being forced to stay home absolutely plummeted manufacturing supply. There are a lot of manufacturing plants that are simply designed to run 24/7... if not, the machinery gets damaged. (Ask anyone that works in the chemical plants in Texas.)

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No, everything I wanted or needed was fully stocked from 2019-2022

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