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Ok, so you were talking about inflation between 2% and whatever the limit of hyperinflation is. I guess you could call it “high inflation” then.
Correct. It does seem that many of the COVID measures did come at the expense of the quality of life for citizens. Upward mobility feels like a pipe dream now. I'm glad I didn't have to make the decisions about lockdowns and spending because that's not an easy choice.
I just think those in opposition may have had some valid points that were dismissed as insensitive or heartless by those who will, now, never be able to afford a house. That sort of stuff. It's a shame we can't talk without devolving into "your team is evil" rhetoric any longer.
What’s the suggested connection between lockdowns and soaring housing costs?
At least in Germany raising housing costs have been on steroids since at least 2015 or so. It’s insane now, but I can see quite different reasons for that than those lockdowns or excessive mask purchases.
The argument I have heard being lockdowns (moreso the duration of them) put extensive pressure on small business to shut down but allowed the large corporations to remain open, creating an effective monopoly. This created a situation where governments had also had to assist with those shortfalls so folks can survive. To do that, they increased the monetary supply which in turn devalues the currency. This causes the inflation which makes things more expensive. The government then gives out more money...and the cycle repeats.
Now, I'm not an economist but it sounds pretty logical to me. I know it came down to saving lives and I'm in support of doing that. But could we have done things in a way that didn't put an entire generation 10 years behind? That's a conversation worth having if you ask me.