Policymakers should not have been caught off guard by surging prices and shortages of goods and labor. Practically the entire post-pandemic agenda is built around policies that stoke demand and discourage work, making supply-side constraints entirely predictable. Surging inflation, skyrocketing energy prices, production bottlenecks, shortages, plumbers who won’t return your calls – economic orthodoxy has just run smack into a wall of reality called “supply.” Demand matters too, of course. If people wanted to buy half as much as they do, today’s bottlenecks and shortages would not be happening. But the US Federal Reserve and Treasury have printed trillions of…

The rains come too late these days and leave before their time withering fields foretell the coming of furious famines Spring swallows summer summer stumbles into a sweltering fall while winter joins the fray with snowy deluge and blinding ice Unstoppable fires consume the skies from Kangaroo Island** to Paradise*** Pause A melting Arctic chokes the oceans which claim the coasts and bury the cities just one whittling whistle from the catacombs of coral reefs bleached and buffeted by a plague of acid and plastic debris Once-in-a-century hurricanes proliferate into ten-in-a-year while countless typhoons pummel the peace of once Pacific…