Yes, global supply chains are a mess. Yes, consumers are frustrated, paying through the nose for new and used vehicles, petrol, housing, and even blue paint. Yes, people are worried about getting ahold of the latest iPhone, a pair of Nike or Adidas tennis shoes, a
A bit of inflation has been well worth avoiding all the other far worse outcomes from the pandemic. I’ve also learned more about how Modern Monetary Theory describes our post-Bretton Woods monetary system.
We need to come to grips with the notion that white nationalists (AKA, the Republican Party) do not think life is worth living if white folks aren't in charge. The GOP is now at a point where they'd rather see the country blown apart rather than let Democrats succeed and allow Americans of any color other than white to rise and flourish. We should believe Mitch McConnell and his minions when they say they won't increase the ludicrous "debt limit" this December and will be quite content to plunge the world into utter financial chaos. We are headed for a Showdown at the "Not OK Corral."
It is astonishing that Donald Trump is not already behind bars. If Democrats lack the gumption to throw him in jail, then I'm afraid all will be lost to the forces of evil.
Thank you, Stephanie, for the bright side. It is true that the supply chain will reconfigure eventually. I still think the real estate prices should be included into inflation metrics. The are a lot of "house poor" and "insurance poor" people whom the economists consider to be middle class.
Hi Stephanie, great piece! Do you think at some point you could write about the various measurements of inflation (CPI, PCE, "core CPI"), which ones matter most, and why they variously include or exclude food, energy, and housing? Thx!
A bit of inflation has been well worth avoiding all the other far worse outcomes from the pandemic. I’ve also learned more about how Modern Monetary Theory describes our post-Bretton Woods monetary system.
We need to come to grips with the notion that white nationalists (AKA, the Republican Party) do not think life is worth living if white folks aren't in charge. The GOP is now at a point where they'd rather see the country blown apart rather than let Democrats succeed and allow Americans of any color other than white to rise and flourish. We should believe Mitch McConnell and his minions when they say they won't increase the ludicrous "debt limit" this December and will be quite content to plunge the world into utter financial chaos. We are headed for a Showdown at the "Not OK Corral."
It is astonishing that Donald Trump is not already behind bars. If Democrats lack the gumption to throw him in jail, then I'm afraid all will be lost to the forces of evil.
Thank you, Stephanie, for the bright side. It is true that the supply chain will reconfigure eventually. I still think the real estate prices should be included into inflation metrics. The are a lot of "house poor" and "insurance poor" people whom the economists consider to be middle class.
Hi Stephanie, great piece! Do you think at some point you could write about the various measurements of inflation (CPI, PCE, "core CPI"), which ones matter most, and why they variously include or exclude food, energy, and housing? Thx!