Search Engine
Is everyone pretending to understand inflation (or just me)?
PJ Vogt
Mark is saying that for people in the 1970s, prices rose, then there was a supply shock, and prices rose again. And nobody got a chance to calm down because as soon as they did, slam, some other good had just become scarce. Mark says with supply shocks, you typically just wait for the market to correct itself.
0
💬
0
Comments
Log in to comment.
There are no comments yet.