Hughesair (Inflection Point)

Retired physician and air taxi operator, science writer and part time assistant professor, these editorials cover a wide range of topics. Mostly non political, mostly true, I write more from a lifetime of experience and from research, more science than convention. Subjects cover medicine, Alaska aviation, economics, technology and an occasional book review. Globalization or Democracy documents the historical roots of Oligarchy, the road to colonialism and tyranny

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Location: Homer, Alaska, United States

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Friday, April 26, 2024

Inflation Again

supply and demand drives inflation as with most anything else. post COVID supplys were limited, workers refused to return to work, some never. The Fed focused only on unemployment rates (Economists call that relationship the Phillips Curve) and the stockmarket, attempted to control inflation with high interst rates as if the cause was an over inflated economy. The strategy did not work, no suprise. Was the strategy, synical, ignorent or a planed deception. Causes 1 Labor shortage 2 Excess money supply 3 Supply shortage 4 Decreased merchant volumn, defensive pricing (unstable vicious circle in combination) Stock market has more to do with capital divergence and excess profit from massive imports and division of labor, but inflation also to a degree.

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