[quote=JPJones]Was out getting drinks with a friend over the weekend talking amateur economics and it occurred to us that we’ve never experienced or could recall a recession happening during a labor shortage, which is a real possibility right now. I’m interested in hearing all of your takes on what that scenario might be like. I don’t even really know where to start.[/quote]
simple explanation as I see things,… ever consider the economic idea of stagflation?
in other words consider what we have now w/ covid, not enough goods or services being produced (due to broken supply chains) AND lots of money trying to buy the limited number of items being offered in the market place
said another way we have price inflation for goods and services BUT for the most part, the economy is stagnant for a great majority of people just trying to make a living day to day
