Washington brings supply-side tools to a demand-side fight; the EU fares no better. Meanwhile Moscow turns off gas to Europe while Beijing continues to snipe chip tech. Plus: All eyes on Xinjiang, the Yen, and the WTO's pyrrhic victory.
What if, in addition to immediate, demand-side monetary policy quick fixes, Washington was to set about investing in production of critical inputs, manufacturing facilities, and improved logistics systems? It’s entirely possible, and necessary.