Tuesday, May 18, 2021

Inflation Now! Will A/V Prices Increase?

In case you haven't noticed, prices in the consumer world are creeping up. It's not yet a tsunami, but the signs are there. This should be a concern for everyone, and audio- and videophiles won't be immune from it. Some of the rising costs are due to unexpected events, such as the hacking of an oil pipeline, which might settle back in time. Others are due to government monetary policies, for better or worse in the unsettled time of Covid-19. Inflation is always produced when too much money chases too few goods. And there's no money tree in the back room of the Capitol in Washington. We're borrowing from Peter to pay Paul, but Peter can't object; he's just a printing press. The typical payback is inflation, a hidden tax on everyone.

Economics is a boring, black art, but it could inevitably affect our own little A/V corner of the wider world...



from
https://www.soundandvision.com/content/inflation-now-will-av-prices-increase

No comments:

Post a Comment