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.
Civilizations under pressure often produce voices that crystallize their deepest questions. These are rarely kings or generals, but philosophers, teachers, and public figures who step into the square to provoke. Their role is not to rule but to make society face itself. In ancient Athens, that voice was Socrates. He wrote nothing. He simply asked: What is justice? What is virtue? What is the good life? His relentless questioning unsettled his fellow citizens, and Athens condemned him to death. He refused to flee, insisting that the examined life was the only life worth living. His death turned him into a symbol of Athens’ own unease. Our world has its own public voices. In recent years, Charlie Kirk became one of them. Whatever one thought of his politics, he drew large crowds, not only on American campuses but even in London and among Māori in New Zealand. He thrived on dialogue — fielding questions, sparring with critics, drawing applause. The style was different. Socrates aimed a...
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