Collectibles Markets vs Economy - Why does it have to be this way?

[Snowman]

Originally Posted by raulus

To respond to your question about why it has to be this way, while economists love to debate what drives inflation, I’m a big believer in M2 - when the supply of money goes up without a corresponding shift in the number of available goods, then prices will rise. And to avoid politics behind why M2 increased, I’ll leave it at that.

I'm with you on that. M2 is a manipulable inflationary pressure and a leading indicator. It certainly had a significant effect on this hobby. More than most people realize. The boom wasn't only because people were stuck inside. Although the causes for its increases are multi faceted. Not being able to travel or go out and blow our money had a lot to do with it too. It wasn't entirely the result of policy decisions, though they certainly contributed significantly.