After inflation, the whip-crack

An icon of a person cracking a bullwhip; their head has been replaced with the frowning head of Uncle Sam. Each ascending peak of the whip’s passage has a different icon; in order: ATM, shop, truck, warehouse, shipping containers, container ship, factory. In the background is a blurred out supermarket aisle, stocked high with goods. Image: Lars Frantzen (modified) CC BY-SA 4.0

There’s a school of economics that likens the economy to a computer, one that we all power. Every time we buy something — or walk away from an offer — we feed data to the computer, which transmits this price- and demand-information from consumers to producers to financiers, so that demand can be met with supply.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store