Do empty shelves count as inflation?
Repost from 8-27-2021
“As for whether empty shelves equal inflation, that’s complicated. For now let’s just say that 1) shortages are both a cause and an effect of rising inflation, and 2) it’s getting harder to view Third World financial crises as something that can’t happen here.”
USAGOLD note: Inflation can take on many forms as Rubino points out in this article – rising prices, shrinking quantities, and empty grocery shelves. A Costco in Washington state, he says, is currently out of tp – “shades of 2020.”