Inventory Glut

I try to avoid wading into the field of economics, where a little bit of knowledge is a dangerous thing, and a lot of knowledge doesn’t seem to help matters much these days either. But I recall from the distant fog of a high school term paper that one of the initial complicating factors in the onset of the Great Depression was the buildup of inventory. I’d understood that the recent advances in communications technology, along with more efficient production and delivery systems, had largely streamlined inventories to be more responsive to real-time demand. But this WaPo article suggests that […]