Is everyone pretending to understand inflation (or just me)?

1460.899 - 1484.07 PJ Vogt

So the prices start to go up because you have more buyers. That's exactly right. So that was one variable that the conventional story may have left out. Prices could have gone up in part because there were now more consumers around to buy things. And here's another. In the 1970s, lots of America's access to very basic goods had been disrupted, essentially through a series of unfortunate events.