I am wondering what American political party would not have bungled the Afghanistan withdrawal and I am drawing a blank. trying to think of an American withdrawal from something over the last several decades that was painted as (or was) a success by the demanding standards of punditry and the uninformed American population.
I am wondering what American political party would not have bungled the Afghanistan withdrawal and I am drawing a blank. trying to think of an American withdrawal from something over the last several decades that was painted as (or was) a success by the demanding standards of punditry and the uninformed American population.
Inflation arises from a variety of sources. As Scott points out in his response inflation results in a disparity between supply and demand. This disparity can arise a variety of ways.
The inflation we are experiencing IS an artifact of the pandemic--even if it solely due to money disbursed by the USG for PANDEMIC relief (which it isn't, as the inflation is a widespread phenomenon)... because the money would not have been disbursed otherwise.
In reality, demand patterns shifted substantially and supply was negatively affected because:
1) People were not expecting the shift in pattern or its size; and
2) Manufacturing and the supply chain are a mess because of the pandemic, making responding to the shift more difficult.
Krugman over at the times has explained some of this quite well, using FED data.
I am wondering what American political party would not have bungled the Afghanistan withdrawal and I am drawing a blank. trying to think of an American withdrawal from something over the last several decades that was painted as (or was) a success by the demanding standards of punditry and the uninformed American population.
Inflation arises from a variety of sources. As Scott points out in his response inflation results in a disparity between supply and demand. This disparity can arise a variety of ways.
The inflation we are experiencing IS an artifact of the pandemic--even if it solely due to money disbursed by the USG for PANDEMIC relief (which it isn't, as the inflation is a widespread phenomenon)... because the money would not have been disbursed otherwise.
In reality, demand patterns shifted substantially and supply was negatively affected because:
1) People were not expecting the shift in pattern or its size; and
2) Manufacturing and the supply chain are a mess because of the pandemic, making responding to the shift more difficult.
Krugman over at the times has explained some of this quite well, using FED data.