They’re wasted on packaging, refrigeration, spoilage, advertising, trucking, supermarket fees, and middle-people. The Leopold Center for Sustainable Agriculture at Iowa State estimates that the primary ingredients that make up a strawberry yogurt travel 2,216 miles before getting to an Iowa consumer...
Basically every deflationary event since the Great Depression has been shorter and shorter as the Fed gets smarter. The housing bubble lasted 3 quarters before we did a V recovery and COVID was maybe 2 or less and had a sharp V recovery. The Fed has perfected the money from helicopters....