Isn't one of the actions to slow inflation to slow consumer spending. Like adding higher bank rates.
Indirectly, you are adding to the inflation problem. Ya just can not win !
There's a term for this ... it's called the "inflationary spiral". So yes, to the extent that accelerate purchases ... in other words, that I buy things
today that I
would have purchased in a year, I am contributing to inflation.
If enough people do that, it creates a feedback loop. The most extreme example is panic buying, in which shelves are completely cleaned off.
So here's a specific example. I just ordered a three point attachment kit for my tractor, in preparation for getting my first implement. No problem there. But as soon as I became aware that Messicks sells telescoping stabilizer bars, I ordered those too, because I figure that at some point I'm going to want them. And at that point the price will either be higher or they'll be difficult to get.
This essentially slides demand from the future into the present. And basic supply/demand curve theory indicates that the market clearing price will increase. Furhermore, that increased demand travels all the way up the supply line, putting excess demands on steel supply, CNC machining services, and powder coating and powder coating products, etc.
Now, I don't feel any personal guilt about this, because my overall personal consumption is quite small. And I don't think that making an extra $200 purchase, which is about the extent it, is going to affect the US economy.
