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The Brady Supply Shock

Slate Money

00:00

Is It a Monopoly?

The white house said yesterday it would start allowing imports soon. It's presumably going to take a long time. Would surprise me at first when i started reading about the baby formula of shortage, every one was like, this all started in february, when abbot had to sut down production because babies died from tainted formula. But it actually goes back to the beginning of the pandemic,. Parents ran out and hoarded formula, just like everyone hoarded everything. And the industry was never able to catch up with that short fall. This is two years ago. Like, obviously there's a problem there with these business if they can't make up for that hoarding from two years

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