Structural Processes of Inflation and Restrictive Strings of Provision

By Zdravka Todorova

Post # 3

"Composition" pencil and watercolor on paper, Andree Rexroth (born Chicago, IL 1902-died San Francisco, CA 1940) Smithsonian American Art Museum, Transfer from General Services Administration. Record ID: saam_1971.447.76. New Deal\Works Progress Administration, Federal Art Project\California

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Inflation is not just a matter of disequilibrium in supply and demand and too much money in the economy. There are structural processes that drive the price level changes over time. The effects of inflationary pressures are exacerbated by the restrictive and unequal provision of necessities, which explains affordability crises.

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