The Week That Matters (4th-8th July, 2023)

"The real problem is deflation. That is the opposite to inflation but equally serious to the borrower." Jack Kemp

Supply Chain Bottlenecks Are Easing

In 1917, the Brits only had six weeks of food supplies left. Thanks to a top-down push from the 1850s, the British Empire embraced globalization and free trade. That meant by the early 1900s, Britain had become too dependent on agricultural produce from the USA. Unfortunately, the German U-Boats were incredibly good at…