@soix 

"In a few months the CPI comps to last year alone are gonna dramatically reduce inflation, and as supply channels gradually open inflation will fall even further and we’ll still have an economy growing at above 3%."

Yes, that is one way to avert disaster, providing that it's benefits trickle down to the working people.

Let's hope that you're right.

It's certainly a pretty confusing situation here in the UK right now.

Confidence in politicians seems to be at an all time low but our chancellor Rishi Sunak seems to be one of the more capable ones.

Some of still remember 2008 when we were told that it was either plan A or bust!

There was no plan B.

@artemus_5

@noske,

I studied, a loose term I'll admit, economics for 3 years as part of my degree and whilst macro economics may have made a little sense, micro made no sense at all.

In fact it was mindnumbingly dull. I remember discussing it with a postgrad student who admitted that it was only the sight of the Swedish lecturer's legs in her knee length skirts that kept him awake during those periods.

Let's not kid ourselves, economics is an extremely complex and largely unpredictable social science. The Keynesian v monetarist debates made the analogue v digital ones look like small potatoes.

I had a lot of time for Keynes, I particularly liked his suggestion of burying bottles full of pound notes and letting folks dig them back out as a way of easing mass unemployment.

However, with Keynes, as everyone else, a lot depends upon sustainable growth.

Given this need for constant growth, perhaps it would not be too far fetched to imagine that this little trouble in Ukraine is related to the search for growth, would it?

@retiredfarmer 

"Nazi Germany printed money to pay the war  reparations"

Isn't that one of the reasons why WW2 is often called a  Bankers War?

"Within the first two months of the pandemic I knew what the outcome as far as money value was going to be and brought hard assets real estate gold and silver. I didn't want any amount of cash on hand as I was sure this was on its way."

Now that's an impressive display of keeping a clear head and pragmatic thinking.

Some of us sort of went into mild shock watching that footage from Wuhan.

On the other hand it now seems some of us were already getting ready to roll out their experimental jabs.

Some others were already planning to drive governments into increasingly more dangerous amounts of debt.

As they sometimes say, follow the money, and if we do that we can see that big pharma and big banks have certainly done very very well from the Plandemic.

Without growth the rest of us will have to increasingly suffer one of the 2 great certainties of life - taxes.

Someone is going to have to pay, and it's not going to be them.