Basic supply and demand. Demand was down in 2020 so companies cut way back or even stopped buying supplies and raw materials. Demand is up now and supply has not caught up yet, so prices are inflated.
This does show that tax cuts do NOT help the economy. Companies got tax cuts and bought back their stock rather than investing in their companies or buying materials. Demand creates jobs, tax cuts don’t.
Basic supply and demand. Demand was down in 2020 so companies cut way back or even stopped buying supplies and raw materials. Demand is up now and supply has not caught up yet, so prices are inflated.
This does show that tax cuts do NOT help the economy. Companies got tax cuts and bought back their stock rather than investing in their companies or buying materials. Demand creates jobs, tax cuts don’t.