OrangeTsar
Alabama delenda est
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- Feb 17, 2009
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I keep telling my wife that we need a large chest freezer. I need to plant a garden this summer, too.
The economy had already largely shut down before the government-mandated shutdowns, as asinine and illogical as they were. OpenTable reservations in a variety of major metros, for example, were already down 90-95% in early March before anything had been forcibly closed. People were freaking out and conducting only essential economic activity, shutdowns or not, in March/April 2020.All started here.
If you approved, participated, etc. in this, give yourself a pat on the back.
One of the dumbest decisions in human history.
The economy had already largely shut down before the government-mandated shutdowns, as asinine and illogical as they were. OpenTable reservations in a variety of major metros, for example, were already down 90-95% in early March before anything had been forcibly closed. People were freaking out and conducting only essential economic activity, shutdowns or not, in March/April 2020.
IMO, the longer-lasting impacts in terms of supply chain issues and labor shortages were principally caused by 1) the stimmies/extended unemployment (that has since run out as well, but continued for months and months after the economy had largely reopened) and 2) remote work/a much higher desire for jobs that offer flexibility.
That isn't really my point...the point is that behavior had changed, and a shutdown order was more a reflection of reality than preventing all of this economic activity that would have otherwise occurred. Governments could have left everything open and the economic activity in the country and March and April 2020 would have probably been the same.Of course behavior would have changed. Government didn’t need to decide which behavior should change and by how much.
That isn't really my point...the point is that behavior had changed, and a shutdown order was more a reflection of reality than preventing all of this economic activity that would have otherwise occurred. Governments could have left everything open and the economic activity in the country and March and April 2020 would have probably been the same.
A component of the supply chain issues, labor shortages, and inflation we've seen over the last year plus or so is definitely government and central bank-driven.
Lot of the factory capacity being shut down was a company decision. VW shut down production here locally for 6 weeks (until mid-May) and it was purely a company decision.Dining had changed. Factory production really hadn’t, not until our government and others all over the world decided to set the idiotic tone and mandates.
...and a lot of the areas where we are seeing supply chain issues and price increases (e.g., food) were always considered "essential." If they shut down (and many did), it was a company decision.I believe the “non-essential” ones were told to shut down.
...and a lot of the areas where we are seeing supply chain issues and price increases (e.g., food) were always considered "essential." If they shut down (and many did), it was a company decision.
The 3-week shutdowns from March 2020 are not why, for example, gas prices are high in June 2022.
Several trillion of government and central bank stimulus (both of which continued far too long and should have begun being wound down in early 2021), combined with supply issues, will do that. The Federal Reserve's impact on housing prices has been particularly acute.I see price increases everywhere. There isn’t an industry I buy from that hasn’t had one. And while fuel drives some component for each of them, most are due to not being able to produce while demand was still transpiring.
One component of gas prices being higher is the fact that millions of people around the world stopped moving. All those cars, trucks, factories, etc are temporary storage tanks for fuel. Once demand shrank there was no where to put the flow from the spout. So the spout was turned down. I have witnessed months long shutdowns and pull backs from factories, not 3 weeks.