It is not an *excess* of demand that is driving inflation, but a *reallocation* of demand…. Americans have dramatically increased their spending on goods leading to supply chain issues
I agree Mr. Politano. That people couldn’t spend much money on services during the pandemic led to more demand for goods, leading to supply chain issues. Let’s see whether this trend shifts. — Kaya Özyürek (@KayaOzyurek) January 17, 2022 Not …