US disinflation and the COVID-19 supply shock
US disinflation and the COVID-19 supply shock
Supply chain disruptions from the COVID-19 pandemic are still being felt today, Robin Brooks, Peter R. Orszag, and William E. Murdock III explain.
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Holy shit, actual analysis from a thinktank! And here I was so used to thinly veiled lobbying, propaganda pieces, and bribery that I had begun to think the American research institute was dead.
On the actual substance: if this is true, it should be good politically, but I suspect that recovery from the lingering economic trauma arising from inflation (real or imagined) will lag even further. People feel like prices are still rising too fast, whether they actually are or not, and the aforementioned propaganda engine doesn't help.
Usually what happens is that a Democrat works their ass off fixing the economy, the felt effects lag, and a Republican gets to grunt about how great "their economy" is.