• BygoneNeutrino@lemmy.world
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    2 months ago

    What data? I have a hard time believing that people didn’t increase their spending in response to increased disposable income. Food especially since food stamps could only be spent on food. If you post your source, I’ll objectively review it.

    When demand outstrips supply, people began bidding. A 1% difference between supply and demand leads to a more than 1% change in prices.

    This doesn’t even mention the fact that the supply of domestic products was interrupted by high unemployment benefits. I sure as hell quit my job because of them. It was a no-brainer.