Inflation

[Tim]

I have occasionally wondered to myself whether it would be worth going back to the gold standard…

I wonder when they will need gas. Probably sooner.

[Tim]

The latest from the Treasury Secretary’s “idea factory” messaging:

”"Friend-shoring" goes beyond that but limits supply chain networks to allies and friendly countries.”

https://www.cnbc.com/2022/07/19/us-treasury-secretary-on-supply-chain-resilience-use-friend-shoring.html

This will solve supply chain issues and thus inflation. She wants private industry to use most favored nation, tariffs and sanctions to be followed. A giant in her own mind.