When economists try to explain low inflation...

In most developed countries, inflation remains quite low, and sometimes flips downright into deflation, this, in spite of an increasing money supply.

With that in mind, economists are hard-pressed to explain this strange phenomenon and I have yet to hear one of them making any convincing sense in attempting to explain this; most of them lay this bizarre situation on the account of “anemic growth.”

My view differs in that we have a glut of everything. From exacerbated global competition to excess manufacturing capacity all the way to a gross oversupply of labor that is only matched by productivity gains that keep on requiring less hands and minds.

Too much of everything is choking the world, creating what seems to be a permanent state of economic indigestion!