Markets have a bid and an ask.
If you have robust supply and real competition, the ask should trend towards cost plus some profit, not whatever maximum price people will pay out of desperation.
If you have robust supply and real competition, the ask should trend towards cost plus some profit, not whatever maximum price people will pay out of desperation.
Now the burger cost goes up, and working people have even more money than "normie" millionaires. I imagine people are going to be more free with their money, so they pay more for the burger. And this will settle, per the law of supply and demand.
That part is obvious.
What is not clear to me is how the new price would work out. Maybe it would work out to pretty much the same relative cost it is today, but in inflated dollars. And the rest of the market is doing the same thing. And landlords know you have the money. The squeeze comes back. Cue Econ 101/102.
Tight control of scarce resources is certainly something that would still be an issue. Hopefully we find ways to solve it with politics instead of violence.