You may have noticed eggs are expensive. Even if you don’t eat or buy eggs, you would know about the egg crisis because of the unending buzz on TV, in newspapers, and on social media. Headline after headline after headline. The Cincinnati Enquirer called it a “perfect storm” of avian flu wiping out huge flocks, pandemic shortages barely recovering, higher transportation costs, and all of it coming together as a big jump in prices. A jump from $1.93 per dozen to $4.25 — a 220% increase! The U.S. is experiencing an egg shortage: not enough chickens to produce enough eggs to meet demand. People do understand how inflation works; it happens when supply doesn’t keep up with demand. When it comes to housing prices, however, that understanding fades and is replaced with panic.
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