Scarcity Economics at Work
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As you pointed out there is plenty of everything, there isn't any scarcity. There is more than needed and more capacity to produce than needed.
The reason for prices increasing is inflation. The Federal Reserve is printing money at a ridiculous rate. More worthless dollars mean prices for real things go up.
The insane thing is people are now cutting production because they can't afford to buy things simply because their money is worthless.
MarkProffitt 2 years ago