Economics/Class Relations

The Roots of Inflation Go Far Beyond the Supply Chain

By Alvaro Vargas Llosa, The Hill

We keep hearing that supply-chain disruptions are causing the “temporary” price inflation that has become the hot topic of conversation. All sorts of public enemies are being blamed for the disruptions, including, according to President Biden, those who are manipulating the markets and price gouging. The politicians, meanwhile, are pressuring the ports to frantically intensify their cargo handling and promising that the newly passed trillion-dollar infrastructure spending will get the supply chain rolling again. That’s not the real story though.


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