
He Foresaw Inflation. Here’s What He Expects Next. Feat. Lord Mervyn King
Capitalisn't
Are You Arguing That Inflation Wasn't Previsible?
I think it was foreseeable, but for different reasons that the failure that Mar-Rin King portrays. The story of 2021 is really a limited supply and increased demand. If you give a lot of money to people and you don't make it easy to produce more, the only way that will manifest is through higher prices. I heard actually an analyst from a major investment bank saying that 60% of the inflation in 2021,. early 2022 was due to mark up increases, not to cost of the inflation.
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