A Growing Shortage of Common Sense
"Common sense is not so common." -- Voltaire
by Murray Gunn
Updated: May 14, 2021
"As some major economies emerge from the economic lockdowns that have been part of World War C, there are increasing reports of shortages. Computer chips, food commodities, even chlorine are just a few of those making the headlines. As the chart below shows, the shortage of wood has led to an historic squeeze in lumber prices. Much of that demand for lumber is coming from U.S. households, flush with cash that has been dropped from helicopters (ok, sent in the mail but it's the same thing). The biggest shortage, though, may be in common sense..."
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