logoalt Hacker News

gbosstoday at 3:02 AM1 replyview on HN

My cousin and many others I knew were getting more money from unemployment than when they had their jobs during covid. Though I don’t believe that caused inflation. Inflation was an international phenomenon and countries experiencing inflation had very diverse stimulus responses to COVID. It seems the Russian invasion of Ukraine, a pivot to a goods based rather than services based economy, coupled with climate changed caused shortages and retiring boomers caused it.


Replies

erutoday at 3:26 AM

Sustained inflation is always caused by money printing. Most of the mechanisms you are describing would only effects shifts in relative prices.