You literally argued that demand spiked after the stimulus checks and therefore caused inflation? And now you’re arguing “oh this demand spike didn’t have an effect at the time but it does have one after a year of no more stimulus”?
Make up your mind. Either stimulus directly impacted demand so severely that it causes severe inflation, or the “demand spike” you asserted with nothing but anecdotal evidence did not cause inflation but is somehow now causing prolonged inflation. Instead of, you know, the vastly more likely and by experts agreed upon cause of covid-induced damage to supply chains. Which also conveniently explains supply shortages and why demand is barely at pre-covid levels.
But I’m sure your misinterpretation of various economic terms is the more likely cause.
There are tons of economic factors that have delayed effects, especially like money printing. Read about the cantillon effect. Inflation takes time to trickle into the economy.
You literally argued that demand spiked after the stimulus checks and therefore caused inflation? And now you’re arguing “oh this demand spike didn’t have an effect at the time but it does have one after a year of no more stimulus”?
Make up your mind. Either stimulus directly impacted demand so severely that it causes severe inflation, or the “demand spike” you asserted with nothing but anecdotal evidence did not cause inflation but is somehow now causing prolonged inflation. Instead of, you know, the vastly more likely and by experts agreed upon cause of covid-induced damage to supply chains. Which also conveniently explains supply shortages and why demand is barely at pre-covid levels.
But I’m sure your misinterpretation of various economic terms is the more likely cause.
Demand spikes, inflation takes time. Don’t act dumb.
There are tons of economic factors that have delayed effects, especially like money printing. Read about the cantillon effect. Inflation takes time to trickle into the economy.