Sure, that might as well happen in 2021.
Ongoing drought in the northern Great Plains.
Worst in 35 years, says a farmer in Washington State.
Which, for those who are a bit short in their American geography knowledge, is not considered part of the Great Plains.
Inflation is not going to be the blip the Federal Reserve hopes it is.
Supply-side problems may cause spikes in particular markets. Inflation is a monetary phenomenon.
ReplyDeleteWhen the Federal Reserve gets on task, they can succeed in stabilizing prices in < 2 years. The problem right now is the witless spending puke the Democratic Congress is engaging in, which the Fed is partially monetizing.