jimmysong on Nostr: Inflation is resisted by every actor as much as possible. That is, sticky prices are ...
Inflation is resisted by every actor as much as possible. That is, sticky prices are a real thing and preserving the status quo a big part of contracts and planning. So prices are held down as much as possible, through scale, debasement, shortages and the like. But even after all that when the prices go up, politicians typically demand even more concessions, accusing goods and service providers of greed.
It's such rank hypocrisy given that it's the politicians greed which creates the inflation in the first place.
Published at
2024-09-22 14:36:28Event JSON
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