Tighten Your Belts: Market Observations

We ended the summer by saying that - barring another disastrous, COVID19-inspired, mass governmental embargo on everyday economic activity - the miners, makers, movers, and merchants of the things we need to run our lives when we are not scrolling through Instagram or pretending to pay attention to a yet another pointless Zoom conference would begin to make up ground lost in lockdown to the providers of such diversions. State interference would henceforth take other, more chronic forms of hindrance: tending deliberately to boost demand while making its satisfaction progressively more difficult. So far - broadly speaking - so good.
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