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300 points pseudolus | 1 comments | | HN request time: 0.208s | source
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mft_ ◴[] No.44412893[source]
Time and time again, stories on totally different topics hinge on: during or just after the pandemic, there was a major change in cost of doing just about everything. Now of course, the pandemic was A. Big. Thing. and there was also an overlaid global supply-chain disruption when the Ever Given blocked the Suez Canal in '21.

But: fundamentally, why did all of this happen, and why haven't prices normalised (i.e. dropped) since?

Does anyone have a hypothesis, beyond 'corporate gouging', which I can accept, but seems too simplistic to explain what seems to be an enduring global phenomenon?

replies(2): >>44412916 #>>44412950 #
1. osigurdson ◴[] No.44412916[source]
>> But: fundamentally, why did all of this happen, and why haven't prices normalised (i.e. dropped) since?

Because governments printed an enormous amount of money during the pandemic. Money is worth far less that it was pre-pandemic, so prices are higher.