To: TobagoJack who wrote (175116 ) 7/26/2021 6:05:43 PM From: sense 2 RecommendationsRecommended By pak73 SirWalterRalegh
Respond to of 217802 With a couple of days spent observing... I agree with you that the MSM focus on "why" there is inflation is intended to distract from the fact of it... But, also, note that they don't actually have an answer to the "why" question, either... and an honest answer, particularly, being one that none in the public sphere anywhere dare breathe a whisper about... China's original plan for "beating inflation" is one that i said would not work... But, they proceeded anyway in giving it a go... And, predictably, throttling back steel production does have an impact on iron ore prices... But, prices declining as demand declines... is not the same thing as "beating inflation" ? Now, it seems, that effort is being duplicated globally... where it will still not "beat inflation"... but will, as it has in China, throttle actual demand... and collapsing demand will reduce prices... still without it doing anything at all to reduce inflation... ? Delay... is not the same thing as prevent ? Throttle the economy back to prevent inflation... and you will make the problem worse... by inhibiting the development of that expanded future supply that is necessary to have any real impact on the problem of it being uneconomic to provide supply to meet the demand at the previous price levels... Throttling back... will reduce the demand... and SHRINK the future supply in parallel... making the problem worse than before when you try throttle up again... And, as occurred during the pandemic shutdowns... the longer the delays imposed... the more the "parts" that need to be connected to enable future supply growth... will continue to drift apart... The inflation is systemic... it exists because they broke the economic system... And all the kings horses, and all the kings men... couldn't put the economy back together again... But, they sure could lie about it...