chip shortage 2022 – Gold News Today

Arkansas congressman Rick Crawford reviews the current debate over Paul Pelosi's stock trading on 'The Evening Edit.' #foxbusiness #theeveningedit

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FOX Company host Stuart Varney breaks down 'standard economics' as the auto sector sees enormous need for made use of cars and trucks..
. STUART VARNEY: So what's taking place right here?

It's rather direct: the pandemic lock down as well as the chip scarcity reduced the manufacturing of brand-new cars. So utilized automobiles were much popular. Consumers had the money to bid rates up. And that's what happened.

It's a standard economic lesson: cut supply, raise demand with government handouts and money printing, and costs rise. It's the same with energy, it coincides with food. It's a lesson the White Home, the Congress and also the Federal Get actually have to find out.
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