Supply in Balance, Not Inflation, Is a Recipe for Recession, Not the 1970s?

The supply shock price effect redistributed a whole bunch of economic activity and resources in the most unproductive fashion. The very companies who are moving all of these goods around have experienced this massive windfall in revenues and earnings, even though they haven't had to do all that much to get it. More volume, more prices, less actual recovery, it's a recipe for recession, not the 1970s. Even those who have benefited from this redistribution and imbalance embedded in the supply shock say things are reversing.

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