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Is everyone pretending to understand inflation (or just me)?
PJ Vogt
Oh, so literally just a shortage of supplies, but rapidly. Shortage of supply. That's all it means. This is a massive supply shock. Americans had noticed that fuel prices had gone up. We know that they were sometimes punching each other at gas stations about it. But what they may have missed is how rising gas prices raised all sorts of other prices. The trucks that deliver goods need gas.
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