If you recognise inflation as excess currency relative to demand, then wouldn't higher energy prices in fact be deflationary??? Wouldn't higher production/transportation costs that are past to the consumer in fact create more demand for currency??? Hmmm...
If you recognise inflation as excess currency relative to demand, then wouldn't higher energy prices in fact be deflationary??? Wouldn't higher production/transportation costs that are past to the consumer in fact create more demand for currency??? Hmmm...
johnTconover 2 years ago