Re:US inflation jumps to 31-year high amid global supply cha...
by blagie on Wednesday November 10, 2021 @10:59AM
(#29176139)
I'm not sure that's the worst part.
I predicted about 2x inflation as a best-case outcome a year ago. Worst-case outcome would have been serious structural damage, in terms of business bankruptcies, lost jobs, lost mortgages, etc.
Unless we get into a hyperinflationary cycle, we came out pretty well, economically.
Our public health response, on the other hand, was and continues to be a disaster.
I predicted about 2x inflation as a best-case outcome a year ago. Worst-case outcome would have been serious structural damage, in terms of business bankruptcies, lost jobs, lost mortgages, etc.
Unless we get into a hyperinflationary cycle, we came out pretty well, economically.
Our public health response, on the other hand, was and continues to be a disaster.