George Gammon points at the pattern, where an intervention creates a distortion, the distortion gets blamed on the market, and the fix is another intervention with more authority attached.
Nobody running that loop ever concludes they should stop, so the state keeps absorbing more of the economy while the problems it was called in to solve keep getting worse.
People notice when the rules keep changing and their lives keep shrinking.
@GeorgeGammon
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Mario Nawfal (@MarioNawfal)🇺🇸 Block your own energy exports to lower prices at home and watch prices rise everywhere instead.
Global supply chains don’t reward good intentions, so cutting off what you sell abroad pushes international prices up, and since America imports plenty of its own, those costs sail right back through the front door.
Macro investor George Gammon has seen this movie enough times to call the ending, where politicians grab a short-term headline and hand the country higher inflation plus whatever the other side does in response.
Everybody retaliates. That part always arrives on time.
@GeorgeGammon
Video
— https://x.com/MarioNawfal/status/2102977571713425504
