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Ellen - you were referenced in some comments in Third Paradigm. I write on medium and also have been thinking about food security and community resilience - my bias is soil health for a host of reasons.

Just published this article which you might find interesting. It was triggered by both the possible rail strike and the Fed’s likely future rate increases

https://symsoil.medium.com/the-war-on-inflation-is-about-to-get-ugly-response-to-robert-reichs-article-b7e729edb2a1

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I could very well be wrong but my reading is that the Fed staffers, at least some, agree with you.

GLOBAL SUPPLY CHAIN PRESSURES, INTERNATIONAL TRADE, AND INFLATION

FRBNY Economic Research Staff Reports

Number 1024

July 2022

ME - After study of the effects of Four metrics addressing Goods-supplies and Trade barriers (SANCTIONS ??) on Inflation - this conclusion:

From the Abstract.

“”These lower trade elasticities in part reflect supply chain bottlenecks. These four results imply that policies aimed at stimulating aggregate demand would not have produced as high an inflation as the one observed in the data without the negative sectoral supply shocks.”” END

Seems more like Fisher than Friedman - Debt-deflation Theory of Great Depressions versus Inflation is Always a Monetary Phenom.

In a debt-based money system, raising the cost of money always raises the PRICE of EVERYTHING, except the INCOME needed to pay those prices (debts, etc.)

The Money Apprentice

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Making money more expensive will only hurt the middle class and the young people aspiring to mature into the world of home ownership.

What is being proposed and implemented is very old school.

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I have been following your articles and read your books for years! always educational and informative.

Thanks

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Might have been nice if the food supply wasn’t getting sabotaged constantly by the globalist elite villains.

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