Consumer Price Index for March finally showed a break in the storm clouds. It's far too soon to tell if they will pass soon. Even so, there are some signs of spring.
The inflation question has "2 faces". A supply constraint "face" and a demand provoking "face". That is made clear when you contrast the US with European countries. There, there´s only the "supply face". Here, some more "make-up" was added. But Fed seems to be taking off some of the excess make-up! Even before the mistake was made, the US had recovered much faster than Europe.
Something I wonder about with the inflation question (and I'm not any kind of economist so this may be a foolish/simple question): if inflation is described as a mismatch of capital and goods, and as you mentioned previously, the Child Tax Credit kept many families from poverty, could some of the inflation not be improved by producing more of the types of essential things people bought with stimulus, increasing goods instead of reducing capital? Why is it seen as the case that we need to drain capital and deprive people of needed items? This seems so different to me than the draining of excess liquidity that is clearly needed on the high and very end of the wealth distribution where it seems there's enough money to throw into all sorts of speculative nonsense.
We’re at the ‘looking for green-shoots’ phase now, beautiful blossoms are hoped to follow, but continued care is needed. For the Chairman, I would consider thinking about what the definition of ‘nimble’ now means to him.
Those self-appointed Master Gardeners you refer to ... are they more active in the springtime or in the Summers?
The inflation question has "2 faces". A supply constraint "face" and a demand provoking "face". That is made clear when you contrast the US with European countries. There, there´s only the "supply face". Here, some more "make-up" was added. But Fed seems to be taking off some of the excess make-up! Even before the mistake was made, the US had recovered much faster than Europe.
https://marcusnunes.substack.com/p/the-age-of-inflation-again?s=w
Something I wonder about with the inflation question (and I'm not any kind of economist so this may be a foolish/simple question): if inflation is described as a mismatch of capital and goods, and as you mentioned previously, the Child Tax Credit kept many families from poverty, could some of the inflation not be improved by producing more of the types of essential things people bought with stimulus, increasing goods instead of reducing capital? Why is it seen as the case that we need to drain capital and deprive people of needed items? This seems so different to me than the draining of excess liquidity that is clearly needed on the high and very end of the wealth distribution where it seems there's enough money to throw into all sorts of speculative nonsense.
We’re at the ‘looking for green-shoots’ phase now, beautiful blossoms are hoped to follow, but continued care is needed. For the Chairman, I would consider thinking about what the definition of ‘nimble’ now means to him.