I think of inflation like a game of musical chairs or hot potato. The economy goes round and round, everyone adding their piece to inflation process - wages, scarcity, profit-taking - and trying not to be the last one in line when it stops.

Last edited by NW Ponderer; 07/24/22 04:50 PM.
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich