Long Run Inflation

I was always big on trying to dispel that saying that, well, the main reason we saw inflation was an increase in the money supply. Certainly large companies could play a role. We've seen after COVID, a lot of small businesses go out of, they went bankrupt or they didn't reopen and adhering to a lot of regulations generally benefit larger companies who are able to absorb those compliance costs. Ultimately, market power or market concentration can lead companies to basically try to catalyze a lot of work on this where they restrict supply and they raise prices.

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