Inflation is a feature, not a bug.
The Economy is a Complex System. Classical economics are mostly obsolete.
During my ten years as a management consultant and during the preceding seven working for American multinationals I had the opportunity to experience a huge variety of inventory systems. Every time I though I knew it all the next customer would have a different need and a system to match. An anecdote…
One of my clients was a sugar refinery, from sugar cane to sugar, molasses, rum, fiberboard, and even chemicals for the pharma industry. Of course I optimized the system but during the final presentation Pablo Blanco, the warehouse manager said, “That will never work.” I asked him why not but he refused to answer. It is important to note that Pablo Blanco was a high ranking laborer while I was “Management” and back then people were supposed to know their place. I had to insist for Pablo Blanco to speak up. It was only when I said i would not continue the presentation until he spoke up that he finally did.
They had two requisition forms, one normal letter paper size and another that had the format of an airline ticket. I had dispensed with the latter in the name of efficiency. Pablo Blanco said, “The engineers work up and down the mill and carry the small order form in their back pocket. They won’t use the long form.”
Imagine that, the size of an order form can bring down a system.
I thanked Pablo Blanco and took his advice. BTW, he introduced me to A Message To Garcia.
The Captain