Published: June 2023 In prior articles and newsletters, I’ve explored the causes of consumer price inflation over time. In short, the rate of consumer price inflation in an economy comes from a combination of 1) money supply growth and 2) significant changes in productivity and/or resource abundance. -Periods of fast bank lending or large monetized […]
  • flatbield@beehaw.orgEnglish
    0·
    2 years ago

    Remember the 70s had oil embargoes. Cost of almost anything is linked to petroleum. Interest rates got very high before it was over. Yes I was there.

    • agarorn@feddit.deEnglish
      0·
      2 years ago

      So this detail in the article is bullshit?

      And what about technological advancement?