When food shortages hit and the money keeps losing value, public anger will rise to levels we’ve not seen in our lifetimes. The privileged censors who have relied on inflated numbers for years are not going to fare well.
This is an extremely dangerous mix, so much so that it is hard to find historical examples. Our moral sense is getting dulled by the day.
There will be more epic failures of particular products and companies. And there should be. And yet, the core technology is sound and there are plenty of products out there that are doing it right.
Here we are now with a preventable inflation pandemic and the realization that we have to learn to live with inflation. Soon we’ll realize that we have to live with recession at the same time.
Let’s just presume that we are in for the long haul here. Where does the smart money go? The months and years ahead will reward those who think for the long term.
The American ruling class did this. They took a relatively healthy and completely fixable economic environment and turned it into a disaster.
The issue of failing plans from elites has vexed rulers from time immemorial. We live in such times today, arguably on a larger global basis than ever.
Governments Giveth and Taketh Away
The regulators have decided to ignore the big players, while punishing the small ones. When the investigations start over this entire fiasco, it is going to be something spectacular to watch.
The new normal includes sporadic and seemingly random shortages in essential goods. The worst thing about all of this: we have all been conditioned to be used to it.