The Nomad Economist: Transitory Inflation or Stagflation?

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The Nomad Economist
Premiered Jun 21, 2021

Bloomberg uses the price of a certain bike, the Santa Cruz Hightower C R, to make the case that price inflation is upon us. This bike will set you back $4,749, a 10 percent leap from the first of the year. By the way, I have three bikes for sale on OfferUp, each priced at less than 10 percent of the fancy Hightower. No one even wants to negotiate. I’m not so sure there has been an outbreak in bike riding, despite Justin Blum’s assertion that “Americans went on a bike-buying binge at the start of the Covid-19 lockdown, to get exercise, avoid public transportation or entertain kids stuck at home.” Here in Las Vegas, currently 105 degrees as I write, I don’t see too many bikers.

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