Diving into the Wreckage 6.4 Inflation and Bank Crisis w/ C. Derick Varn
The Antifada
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The Exogenous Shock Theory of Inflation
There are three types of inflation that are sometimes cited in this monetary theory. Exogenous shocks tend to just exacerbate prior trends to the break which means that attempts by capitalists to adjust the economy accordingly can't happen fast enough so it is not i don't want to discount the the external shock theory but we should be very very skeptical of this exogenous explanation for it. There's a material base beyond like pure military and geopolitical power right there's still a productive base behind american uh monetary power anyway but it's a fragile productive base highly tied into an international global supply chain that broke down.
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