Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Buckeyeblue
Buckeyeblue's Journal
Buckeyeblue's Journal
July 29, 2022
If the economy is strong but prices are up, is it really inflation?
Is it possible that costs have been artificially low but now have corrected? For a couple of reasons:
1. Wages have gone up due to higher demand for workers
2. Some of the tariffs that Trump put in place have driven up cost
3. Higher demand for low inventory items
4. Sanctions on Russia
I don't see higher interest rates solving these problems. Sure it might drive down the price of houses and used cars. But day to day stuff won't be driven down by higher rates.
Everyone is comparing what we are going through to 1982. But it's much different. I remember a lot of people getting laid of in 1982.
Profile Information
Member since: Thu Feb 2, 2017, 03:31 PMNumber of posts: 5,713