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Supply Chain Problems and Prospects

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Supply Chain Problems and Prospects
A cargo ship moves toward the Bayonne Bridge as it heads into port in Bayonne, N.J., on Oct. 13, 2021. Spencer Platt/Getty Images
Milton Ezrati
Updated:
Commentary

President Joe Biden blames inflation on supply chain problems. He has assured the American people that since supply problems will lift soon, so will inflation pressures. He’s wrong on both counts. The inflation reflects more than supply chain problems, but even if it were just supply matters, they will persist longer than he claims.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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