Inflation is not an Economic Problem

Photo by Jp Valery on Unsplash

With the pandemic recovery moving forward and the US economy growing at 5.7% over 2021, the “hot” economy is a concern because inflation is growing. Driven in part by the pent up demands that festered during lockdown and the global disruption of the supply chain, the Supply-Demand curve is starting to shift in favor of the demand forces, so the supply side raises prices because of scarcity pricing or to slow things down…