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HardeeHo's avatar

Watching the decline in fuel prices and thinking inflation has ended is dreaming - the decline is caused by demand destruction. But many necessities will see prices continue to rise for some time. Supply remains constrained because of worker shortage both from policy and low wages. The latter can only be resolved by higher prices, more inflation. Many workers are entering a cash economy to avoid the tax man further messing with prices.

All governments are stuck in their debt bubbles with the only way out by inflating (devaluing) currency.

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Jimychanga's avatar

Fascinating angle on "where have all the workers gone". This, and vax injuries/deaths may just explain it.

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