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Thursday, December 30, 2021

Inflation

 NY Times: The Missing Data in the Inflation Debate By Austan Goolsbee - Mr. Goolsbee is a professor of economics at the University of Chicago Booth School of Business and was chairman of the Council of Economic Advisers from 2010 to 2011.

The more someone shops online rather than in stores, the less inflation the individual has faced.

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2 comments:

Glynn Kalara said...

Yes, brick and mortar stores have been hammered by COVID and are passing along the costs while Bezoes et . al have a huge advantage of economies of scale by using the Internet and huge processing centers that are becoming more and more robotic.

5:46 PM
Jim Sande said...

Truth be told all through the pandemic I bought from Amazon, still do food and minor shopping in town and will continue that.

6:38 PM

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