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Craig Williams's avatar

Big Oil kick started inflation just as they did in the 70s . Back then their enemy was independent oil companies , today it’s alternative energy and governments that invest in clean energy . Back then they brought the golden age of American capitalism to an end now they are part of a global right wing dark money movement to replace democracy. Back then they were called a bilateral symbiotic oligopoly. Today Big Oil and Putin are in their leadership .

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Wally Grigo's avatar

"...the best way to fix a supply shortage is with greater supply."

OK. But what do you do when supply chain issues prevent the availability of greater supply--at least in the short term? Are we (the little people) supposed to be content with paying higher prices for stuff that can't be offset with higher wages? Why isn't "the best way to fix a supply shortage" the imposition of price controls enforced by the gov't? Maybe I've missed it, but I haven't read anything in the popular press that answers this question. After all, it's the power of the gov't that creates the money we covet and use to exchange for goods and services. Why is the gov't suddenly powerless when anyone suggests price controls? Desperate times call for desperate measures. Not for nothin', but price controls won WWII.

BTW, thanks for citing the Randy Wray talk. He is a genius and a national treasure.

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