The Last Refuge By Sundance
If there is one economic dynamic we have talked about on these pages more than the rest, its inflation. {Background}
The root causes of inflation are two-fold, monetary policy and energy policy. However, when combined they represent a predictable outcome. Specifically predictable, when it comes to highly consumable goods that require a lot of industrial effort, labor, distribution and warehousing processes. Thus, food inflation was/is worst.
Kamala Harris and her boss did this to millions of Americans
If I was in charge of the RNC research, or the Trump campaign, this would be my new ad pic.twitter.com/WJ4QCbuJmm
— A🪓E (@RealDealAxelrod) September 21, 2024
Within all of the sectors most vulnerable to upward price pressure as a result of policy (monetary and energy), the main industry impacted by immediate and severe inflation is food, farming and agriculture. Food, a highly consumable product with a thin supply chain, sees the results of inflation first and fastest. Durable good inflation lags behind high-velocity consumable goods.
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