US inflation jumps to 31-year high amid global supply chain crisis
1–10 of 304 posts
Re: US inflation jumps to 31-year high amid global supply chain crisis
#2"transitory" was last year's inflation lie
"supply chain" is this year's inflation lie
just how long will it take for people to accept that The Fed has debased the currency for the benefit of a select few, to the detriment of many?
Jerome Powell has the perfect solution to this conundrum - he has announced his retirement and will let someone else clean up the mess
Re: US inflation jumps to 31-year high amid global supply chain crisis
#3And it's probably going to only get worse looking at Fed
Re: US inflation jumps to 31-year high amid global supply chain crisis
#4People need to decide whether they think this is because of supply chain issues and the demand spike following COVID or if it's because of the Fed.
Re: US inflation jumps to 31-year high amid global supply chain crisis
#5The ongoing supply-demand imbalance that is contributing to rising inflation worldwide is in my view the most pressing short-term problem that needs to be solved by hackers, engineers, and entrepreneurs today.[a] We need more people doing what Flexport's Ryan Petersen did with LA ports[a]: Figure out quick, cost-efficient ways to get our current system out of its currently degraded state and back to operating smoothly and normally so we we can go back to growing its global throughput as in the pre-pandemic past.
Large, complex, distributed, networked systems, like interconnected cloud datacenters, electric power grids, and global logistics networks, can get "stuck" in a degraded state due to a confluence of highly local bugs that are difficult to diagnose -- especially when no single entity controls the entire network end-to-end. Hoping and waiting for things to get better on their own might not be enough.
--
[a] Note: I'm not saying it's the most important problem. I'm saying it's the most pressing, in the near term, because a well-functioning global economy is a prerequisite -- a necessary condition -- for solving all important problems. Please don't attack a straw-man.
[b] https://www.inc.com/kevin-j-ryan/flexport-founder-twitter-sh...
Re: US inflation jumps to 31-year high amid global supply chain crisis
#6The ongoing supply-demand imbalance that is contributing to rising inflation worldwide is in my view the most pressing short-term problem that needs to be solved by hackers, engineers, and entrepreneurs today.[a] We need more people doing what Flexport's Ryan Petersen did with LA ports[a]: Figure out quick, cost-efficient ways to get our current system out of its currently degraded state and back to operating smoothl…
How does degraded supply chain throughput connect to inflation?
Re: US inflation jumps to 31-year high amid global supply chain crisis
#7People need to decide whether they think this is because of supply chain issues and the demand spike following COVID or if it's because of the Fed.
Clearly the Fed mostly. We'll see it once the supply chain issues go away, but high prices stay high.
Re: US inflation jumps to 31-year high amid global supply chain crisis
#8Some journalists must be happy with this news. https://mises.org/power-market/inflation-celebration
Re: US inflation jumps to 31-year high amid global supply chain crisis
#9[deleted]
Re: US inflation jumps to 31-year high amid global supply chain crisis
#10People need to decide whether they think this is because of supply chain issues and the demand spike following COVID or if it's because of the Fed.
It's incredible. It's the same strategy that some politicians use in Argentina: they find any kind of thing to blame for inflation, except for monetary policy.
Americans, please don't imitate Argentina, keep a healthy economy.