“Amazon is a dynamic business and we are constantly exploring new locations,” Amazon spokesperson Maria Boschetti told Fox News Digital. “We weigh a variety of factors when deciding where to develop future sites to best serve customers. We have dozens of fulfillment centers, sortation centers and delivery stations under construction and evolving around the world. It’s common for us to explore multiple locations simultaneously and adjust timetables based on needs across the network.”
Just this week Amazon warned officials in Maryland that it plans to close two delivery stations next month in Hanover and Essex, near Baltimore, that employ more than 300 people. The moves are a striking contrast with previous years, when the world’s largest e-commerce company typically entered the fall rushing to open new facilities and hire thousands of workers to prepare for the holiday shopping season. Amazon continues to open facilities where it requires more space to meet customer demand.
Demand destruction without inflation reduction would be the worst of all possible outcomes—and it is unquestionably a potential outcome for the Fed’s interest rate hikes.
I'm very familiar with monetarist theories on inflation, but when you look at the expansion of the money supply, the majority of it occurred in Q1 2020. M1 velocity dropped at the same time, and has not picked up.
The inflation didn't pick up steam until 2021.
Inflation requires money supply AND money velocity. Right now we have the one and not the other.
Moreover, while m1 money supply, m1 velocity, and consumer price inflation per the CPI all historically grow in tandem, that correlation fractured in 2008 and has not been restored.
All of which makes reflex Friedmanite monetarist reactions to inflation dangerous oversimplifications.
What do you think we should do to control inflation, if not increase interest rates?
Fixing the broken supply chains which are the cause of the inflation would be a good start.
I agree that supply chains are a factor, and that they were broken by various government policies, but I don't see that as the root cause.
You don't see inflation as a monetary effect, from the government creating 2+ trillion dollars?
The timelines don't line up.
I'm very familiar with monetarist theories on inflation, but when you look at the expansion of the money supply, the majority of it occurred in Q1 2020. M1 velocity dropped at the same time, and has not picked up.
The inflation didn't pick up steam until 2021.
Inflation requires money supply AND money velocity. Right now we have the one and not the other.
Moreover, while m1 money supply, m1 velocity, and consumer price inflation per the CPI all historically grow in tandem, that correlation fractured in 2008 and has not been restored.
All of which makes reflex Friedmanite monetarist reactions to inflation dangerous oversimplifications.
Thanks, very helpful.