Don't Just Nod When You Hear "Supply Chain Problems"

SHORT TAKES: Drilling Down Into Slave Labor; Infrastructure--Dollars and Politics; Who Should Vets Trust? A Democratic Socialist, Not A Flag-Waving Phony; A Flood Coming Soon To Your 'Hood

[Dear Readers: skipped a week due to a very messy sock drawer. Sorry for the trauma inflicted on everyone. All good now!]

LONG TAKE

This is a danger you see repeatedly. People get so used to hearing an economic term or phrase that the brain just processes the term without much pro-active thinking or challenging of the idea. The idea, then, seeps into the public discourse and gets handed off from generation to generation, accepted as an almost natural phenomena like the sun rising in the east and setting in the west. “Lower taxes”, “Less Regulation” and “let us praise small business” come to mind.

And the most important part of this slow absorption of an idea: it ends up hurting average people and mostly benefiting the wealthy.

Today, the topic is something everyone is hearing: SUPPLY CHAIN BOTTLENECKS!!!

The Financial Times (subscription):

The UK’s supply chain crisis will continue into 2023 and beyond, driving up inflation and delaying Prime Minister Boris Johnson’s domestic policy agend…