> Today we see it play out, and they are right. Or, you know, the (global) supply chain is clogged. > It’s been a troubled few months on the economic front. I

> Today we see it play out, and they are right. Or, you know, the (global) supply chain is clogged. > It’s been a troubled few months on the economic front. Inflation has soared to a 28-year high. Supermarket shelves are bare, and gas stations closed. Good luck if you’re having problems with your home heating system: Replacing your boiler, which normally takes 48 hours, now takes two or three months. President Biden really is messing up, isn’t he? > Oh, wait. That inflation record was set not in America but in Germany. Stories about food and gasoline shortages are coming from Britain. The boiler replacement crisis seems to be hitting France especially hard. […] > In other words, the problems that have been crimping recovery from the pandemic recession seem, by and large, to be global rather than local. That’s not to say that national policies are playing no role. For example, Britain’s woes are partly the result of a shortage of truck drivers, which in turn has a lot to do with the exodus of foreign workers after Brexit. But the fact that everyone seems to be having similar problems tells us that policy is playing less of a role than many people seem to think. And it does raise the question of what, if anything, the United States should be doing differently. > So why does the whole world seem to be running on empty? * https://www.nytimes.com/2021/10/29/opinion/inflation-global-supply-chains-us.html https://www.nytimes.com/2021/10/29/opinion/inflation-global-... * https://archive.md/fjwyl https://archive.md/fjwyl