←back to thread

Inflation erased U.S. income gains last year

(www.wsj.com)
177 points JumpCrisscross | 2 comments | 09 Sep 25 19:44 UTC | HN request time: 0.405s | source
Show context
argentinian ◴[09 Sep 25 22:18 UTC] No.45190101[source]▶
Do people in the U.S. have a good understanding of the causes of inflation?
replies(6): >>45190196 #>>45190271 #>>45190289 #>>45190440 #>>45190450 #>>45190711 #
dennis_jeeves2 ◴[09 Sep 25 22:31 UTC] No.45190271[source]▶
No.

To me the answer is very simple, the primary (not sole) driver is govt printing currency indiscriminately.

replies(2): >>45190393 #>>45190659 #
bryanlarsen ◴[09 Sep 25 23:03 UTC] No.45190659[source]▶
We've had a dozen instances of massive money printing since the 80s but no significant inflation until we had the COVID supply side shock. Now we're getting inflation because of tariff uncertainty, also a supply side shock.

Friedman is wrong, inflation is primarily caused by supply side shocks.

replies(1): >>45192497 #
1. argentinian ◴[10 Sep 25 02:39 UTC] No.45192497[source]▶
what do you mean by "supply side shock"?
replies(1): >>45192682 #
2. bryanlarsen ◴[10 Sep 25 03:02 UTC] No.45192682[source]▶
https://en.wikipedia.org/wiki/Supply_shock