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Doncarlo
Zeihan on Geopolitics
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Comments by "Doncarlo" (@doujinflip) on "Inflation: What's Causing It and Why? (COVID and LABOR) || Peter Zeihan" video.
No, supply shocks and profit-price spiral are at least as influential.
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And lack of supply, which if anything is the stronger influence this time.
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Inflation is caused by demand outstripping supply. Money was loose to help ensure Americans could afford to survive the disruptions. It may have been generous for a bit too long, but definitely the other side of the equation is the failure of global production and trade to bounce back as quickly as demand did… and much of that is due to continuing Dynamic Zero-COVID shutting down China along with Russia’s “special military operation” blocking reliable trade out of Eastern Europe.
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Simple minded commenters focus solely on America's money supply, when global aggregate supply is what's driving prices upward.
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@alexjones7845 Because of Trump's money printer going brrrr as COVID shut down normal market movement. Granted it was arguably necessary to get money to the people and prevent a more devastating downturn like what not-so-socialist China is experiencing now, and probably was run a bit too long as the supply side is still catching up leading to shortages that drove the surge of inflation we had.
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No, falling supply is just as influential. Just remember those times gas prices went up because of some disruption in oil production, like a hurricane in the Gulf or whenever OPEC decides to squeeze more money out of us.
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He does account for immigrants, that's why he's much more optimistic about the inclusive Americas than the more tribal Eurasian ethnostates. Particularly the US, who still manages to continue assimilating and Americanizing the masses of migrants who in some cases are dying to move in.
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Not as much as Dynamic Zero-COVID and Russia's "special military operation" disrupting the global supply network, and corporations riding on a profit-price upward spiral.
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