Shortages and Inflation: They’re Hiding THIS From You!
Shortages in physical goods are everywhere.
We’re already hearing warnings that the limited number of ocean shipping containers will make holiday shopping difficult this year.
Lack of materials is hurting homebuilders.
The price of beef is rising because there just isn’t enough for everyone.
Many believe we have COVID-19 to blame for this. But there is something far more sinister going on here.
In today’s video, I pull back the curtain to reveal the real culprits behind these shortages … what we can expect going forward … and how we’ll all pay the ultimate price.
Our Affluence Economy
We take for granted that things just show up in our stores. We never give much thought to how that happens. COVID-19 woke us up to the reality that sometimes we can’t find what we need.
Now we’re seeing inflation and many argue it’s because of pandemic-induced supply chain problems (among other things).
But what if that’s not true?
What if these shortages are due to deeper, structural problems that we cannot simply fix?
What if these supply chain crunches and the inflation never go away?
I consider all of these questions and more in today’s video.
Click here to watch or click on the image below:
An economist by training, I grew up in the U.S. but emigrated to South Africa in the mid-1980s where I became deeply involved in the development and implementation of post-apartheid economic and urbanization policy. During the 90s and 2000s, I was a consultant to a variety of entities, including African and European governments and the United Nations.