Why are gas, groceries, and used cars prices going up? (vox.com) 4 points by yusuf_giftworks 5y ago ↗ HN
[–] Black101 5y ago ↗ I bought my car brand new almost a year ago, and I would barely loose anything by selling it now ... I'm thinking about going full Uber.
[–] johnnyApplePRNG 5y ago ↗ Prices are increasing because the money supply is increasing... at an alarming rate. [0][1]Supply and demand is real. When you increase the supply of Money, the demand for it goes down.The USD is worth less than it was relative to things that can't be created as fast as a USD can before those two graphs I linked broke upwards.That's the answer to the question in the title, at least.The article literally doesn't even mention the word "money". Weird![0] https://fred.stlouisfed.org/series/M1SL[1] https://fred.stlouisfed.org/series/M2SL
2 comments
[ 2.9 ms ] story [ 15.6 ms ] threadSupply and demand is real. When you increase the supply of Money, the demand for it goes down.
The USD is worth less than it was relative to things that can't be created as fast as a USD can before those two graphs I linked broke upwards.
That's the answer to the question in the title, at least.
The article literally doesn't even mention the word "money". Weird!
[0] https://fred.stlouisfed.org/series/M1SL
[1] https://fred.stlouisfed.org/series/M2SL