Mostly there are very few proper explanations of how and why hyperinflation occurs and even bleeding edge heterodox macroeconomists struggle to define ordinary inflation. So it’s a stand in for secular apocalyptic fantasies of sudden societal collapse.
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There are a lot of complex, conflicting economic factors in a pandemic that swamp monetary policy on this, too. Mass layoffs mean there's less consumer spending, and a lot of inventories are backing up, which would be deflationary.
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But at points where supply chains break down, you'd see shortages, driving prices up. Short-term, though, there's a lot of pressure against price-gouging.
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The trick was causing a massive recession by raising interest rates, then claiming the recovery was because of the intervention when the oil crisis had passed. Justified all the anti-labor policies of the next three decades.
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