hmmm interesting - here's an article.

https://qz.com/2004569/the-global-chip-shortage-can-be-expla...

Oh, true! English is not my main language. I meant bullwhip effect, not tail whip (pokémon move). ;)

An interesting failure mode of free markets. Inherent instability.

Any system with signalling delay will experience this effect. Changes will get amplified across layers. That's also a common way to die from a viral infection: your immune system goes into overdrive from too many signals of infection from different tissue cells. A common treatment is steroids, which dampen immune response.

Is an inherent instability in any system with long/slow information chains. It's more a failure mode of central planning than of free markets. We had a few companies making bad decisions based on bad demand forecasting. This is a problem mitigated by stock exchanges (commodities).