#iraregmi — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #iraregmi, aggregated by home.social.
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'The Causes of and Responses to Today’s Inflations'
#JosephEStiglitz, #IraRegmi, Dec, 2022
"The evidence is overwhelming: were there no supply problems, aggregate demand would not be excessive. The inflation we’ve experienced is best understood as resulting from industry-specific problems that many Organisation for Economic Co-operation and Development (OECD) countries are facing. A strong labor market is part of the solution, not the problem."
https://rooseveltinstitute.org/publications/the-causes-of-and-responses-to-todays-inflation/
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"... what has actually led to a situation where our supply chains were just not resilient enough, and were not able to withstand a supply shock of this scale, was a stagnancy in investments, and that is definitely one of the direct outcomes of increased interest rates. So there is a high risk that this is counterproductive and we actually end up making the problem much worse."
#IraRegmi, 2023
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"... US markets have become increasingly concentrated and that makes it extremely likely that these companies have been able to increase prices more than costs, and... despite costs coming down, we haven't seen these companies reduce these prices...
...given high levels of market concentration... what we should be expecting is that these firms have a lot of pricing power and that is driving [price rises]."
#IraRegmi, 2023
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The pandemic and Russo-Ukraine war (along with market failures and corporate greed) have caused inflation: (academic) https://rooseveltinstitute.org/wp-content/uploads/2022/12/RI_CausesofandResponsestoTodaysInflation_Report_202212.pdf (popular) https://theintercept.com/2022/12/12/inflation-covid-war-joseph-stiglitz-ira-regmi/
#theintercept #jonschwartz #rooseveltinstitute #therooseveltinstitute #iraregmi #josephstiglitz #inflation #pandemic #coporategreed #latestagecapitalism #modernmonetarytheory #mmt #spending #stimulus #covid-19pandemic #covid19pandemic #russo-ukrainewar #russoukrainewar #economics