The Best Money Is Social, Not Personal

Inflation hawks have a point. When demand exceeds supply, prices go up. But nutrition, shelter and transport are not luxury goods whose prices are spiking because we gave ordinary people more money than they deserved. Focusing on the too much money side of the inflation equation ignores the too little capacity side. Those brittle supply chains that were shattered by the pandemic, they were a policy choice, not an historical inevitability. The world's rich countries decided to dismantle their manufacturing and send it overseas in search of cheap labor and weak regulation. This is a moment where you can do something. You can order a copy of the book, the e-book, the audiobook. If you