Squidworth89 t1_isuf7sf wrote on October 18, 2022 at 7:51 PM

Reply to comment by [deleted] in Stop The Corruption by sillychillly

There is monetary inflation which is caused by printing currency. Then there is supply inflation which is based on supply and demand.

When supply of goods doesn’t keep up with demand for goods; prices go up.

Conversely when there’s too much supply… prices go down.

Inflation predates Ukraine. I noticed it in building supplies in early 2020. Costs doubled or more on material.

In response to what situation?

They don’t want apartments… that’s the problem… we need more multi story buildings with multiple units in them instead of all these single family houses.

[deleted] t1_isuocv2 wrote on October 18, 2022 at 8:49 PM

What is the supply and demand issues you say that we are facing then?

Inflation does not predate the pandemic, but neither was it the cause. It was all speculation, and then it stayed up.

Maine.

When I say apartments, I mean buildings, not landlords and tenants. And there is plenty of room for single family housing, no working class person wants to live in a complex of any sort, or families for that matter.

Squidworth89 t1_isupnc2 wrote on October 18, 2022 at 8:57 PM

The pandemic did start inflation. It showed how weak the worlds supply chain is.

Go back to building supplies… when the pandemic hit suppliers cut production goals figuring they’d have material backing up and people wouldn’t be spending. The reality was the reverse. Everyone was bored at home and getting caught up on projects.

Look at baby formula… there’s a relatively small number of places that make it. When a couple shut down for an extended period it causes a crises.

We see it regularly in gas. When refineries are down… it spikes.

That’s all supply inflation. Supply of goods isn’t keeping up with demand.

What crisis in Maine? Housing? That’s National. The fix is at the municipal level. Harass your local politicians. Maine does have a law coming up that allows universally by the sounds of it a second unit on all single family lots. But it needs more higher density rules changed.

[deleted] t1_isutzme wrote on October 18, 2022 at 9:25 PM

No, ship transports who favored electronics over everything else previously caused the issue. The whole reason for the bill. The pandemic didn't see any inflation in food, gas, or energy, except lumber from Canada, because borders were the issue.

I mean is this an argument to trust bust? I agree.

It's obvious we're in a recession, and they are raising prices to offset losses. It's corporate manufactured. You could argue it's also the "green" push.