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Is Inflation Over Or Is It Just Getting Started?

Current Events Macro

Like my good buddy, Kuppy says, we are living in the Golden Age of political stupidity.

If they do something else to lower Supply or something else to dramatically increase aggregate demand and further distort the economy above and beyond what they've done since 2020, then I would say it's most likely that prices continue to go up. Not just over the long run but also in the short and Midterm.

What I want everyone to understand is inflation/the CPI/consumer prices never go straight up.

If we look at the 1940s and the 1970s we see that inflation always occurs in waves. It goes up, it goes down, and then it goes up again. I think that's exactly what you should expect throughout the rest of the 2020s.