Inflation: Farewell to Transitory

Inflation: Farewell to Transitory

The week of November 8: inflation, climate, antitrust, and much more.


  began this week expecting that the next Capital Letter was going to be about the second week of the climate talks in Scotland, but apart from the observation that a (somewhat nebulous) joint climate declaration between the U.S. and China only underlines the extent to which the administration’s climate agenda is weakening this country’s strategic position, any other comments I may have will have to wait for another time. For now, please read Kent Lassman’s commentary in the weekly roundup below.

No, this week the scene — like, in all probability, our savings — was stolen by inflation, no longer …

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