The Inflation Opportunity
To beat inflation, why not explore a supply side remedy before unleashing the economic equivalent of chemotherapy?
Inflation has been described as too much money chasing too few goods. This is a remarkably succinct and understandable explanation of a subject that has produced libraries of Ph.D. theses. It is a wonderfully pithy formulation of one of life’s immutable laws, the relationship between supply and demand.
An economics professor would explain to you that inflation is nothing more than a graph where the supply and demand lines cross at a point that is uncomfortably high on the Y axis. So the theoretical solution to this discomfort is simple: Either you lower demand or you increase supply and, voila, no more inflation.
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