Off the Charts: Supply Chain Angst

Off the Charts: Supply Chain Angst
This week, the U.S. consumer price index for October showed a 6.2% increase from a year ago, the highest inflation rate since 1990, news that directly contributed to bitcoin’s mid-week surge to new all-time highs.What’s causing that inflation? Well, Bitcoin advocates and gold bugs argue that it’s all about the debasement of fiat currencies through massive printing. That perspective sees it as a self-perpetuating monetary phenomenon that will be very difficult for central banks to stop.You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming…