Ask me anything econ - Nov 2021 - My answers!
Here are my answers to your questions from last week. Wide range of topics!
QUESTION 1
In the last month it appears that non-Larry-Summers explanations of rapid price increases have converged on something like this:
"The COVID-19 crisis led to (partially government-mandated) contractions in consumer demand and subsequent contractions in supply. Demand picked up, but shifting strongly toward consumer goods and away from services. …