Are Supply Chain Issues Driving Inflation?

Source: American Institute for Economic Research
by Nicolas Cachanosky

“Arecent New York Times poll finds that Americans disagree about the cause(s) of inflation. The poll lists several supply-chain explanations, including supply-chain disruptions, COVID-19, and the Russian invasion of Ukraine. On the surface, these supply-chain explanations seem plausible. When goods become more scarce, their prices rise. But there are at least two problems with the supply-chain narrative.” (06/08/22)