Nomad
Every trumper is a N4T.
Translation: ^^^
"I've got nothing so I'll just do a little tap dance like I always do".Yawn.
Inflation falls for eighth consecutive month
- Thread starter Cypress
- Start date
Translation: ^^^
"I've got nothing so I'll just do a little tap dance like I always do".Yawn.
serendipity
Verified User
There is no doubt in my mind that Biden would have been incapable of doing this.
How an Idea from Tuck Helped Launch Operation Warp Speed
The United States’ effort to provide COVID-19 vaccines to the world was one of the greatest government achievements in modern history. Tuck Professor Ron Adner’s ecosystem strategy framework contributed to its creation.
On March 31, 2020, Alex Azar D’88, then the Secretary of the Department of Health and Human Services (HHS), was on the phone with the CEO of Johnson & Johnson. Twenty days earlier, the World Health Organization had declared COVID-19 a global pandemic, and an HHS division had hoped J&J would develop a vaccine for the virus.
The proposed contract was business-as-usual for a partnership between the public sector and Big Pharma, where the government would give the company funds to get started (in this case, a 500-million-dollar grant), and J&J would invest the same amount from its own coffers. J&J’s goal was to start phase 1 clinical trials in September, with no guarantees about final pricing or quantities. But for Azar, who had been the president of Eli Lilly U.S. and had previously served as the Deputy Secretary of HHS in the George W. Bush Administration, the deal with J&J lacked the accountability and urgency demanded by the critical global health crisis. “The standard process made us too reactive,” Azar said. “To manage the crisis we had to shift to think about the ecosystem proactively, and that was the genesis of Operation Warp Speed.”
The next day, Azar spoke with members of his leadership team and expressed his frustration with the tentative, lumbering progression towards a solution. The country needed a vaccine as soon as possible; it could not be limited by the traditional processes that led to decade-long lags between drug discovery and distribution. Congress had just passed a two-trillion-dollar COVID-19 relief package and Azar knew that getting the country up and running again would justify an unprecedented investment. He told his team to imagine what was possible if money were no object. “What could physically happen if we put the full weight of the U.S. government behind this?” he asked. Their answer became Operation Warp Speed, an innovative reconfiguration of the entire ecosystem necessary to develop, manufacture, distribute, and administer an effective vaccine.
“To manage the crisis we had to shift to think about the ecosystem proactively, and that was the genesis of Operation Warp Speed.”
Secretary Azar visited Tuck this past February to discuss the strategy behind Operation Warp Speed in a fireside chat with Professor Ron Adner. Why? Because a key foundation for the way in which Azar and his senior leadership team approached creating this new ecosystem was anchored in Adner’s approach to ecosystem strategy. Adner, the Nathaniel D’1906 and Martha E. Leverone Memorial Professor of Business Administration at Tuck, is the author of the critically acclaimed book The Wide Lens: What Successful Innovators See That Other Miss, which lays out his novel framework for innovation ecosystems. In it, he defines an ecosystem as “the structure through which partners interact to deliver a value proposition to the end consumer,” and he shows how the difference between great innovations that succeed and great innovations that fail comes down to looking beyond your own firm and execution tasks and expanding your strategy to account for the co-innovators and partners who must come together for your innovation to deliver on its promise.
Adner developed and wrote The Wide Lens at Tuck, where he has taught in the MBA program and for Tuck Executive Education since 2008. His relationship with Azar began long before the pandemic. Azar first invited Adner to Eli Lilly in 2016 to help with the ecosystem strategy for an important product launch. When Azar became the leader of HHS, he again called on Adner to educate his senior leadership team. Adner first visited HHS in the summer of 2018, where he spoke at a leadership retreat and ran breakout sessions for senior members to apply his ecosystem strategy to key initiatives. “At that point,” Azar recalled, “it was about policy transformation, regulatory change, how you think about public policy as an innovation, and how you take the negatives in the adoption chain and convert them into being at least neutral.” By the time Adner went back to HHS in January of 2020, this work had influenced the FDA approach to vaping, the NIH approach to translational science, and the Surgeon General’s approach to the opioid crisis — all problems that crossed boundaries between consumers, public health, and the private sector. “I embedded Ron’s Wide Lens strategy as our way of thinking at HHS from day one,” Azar said, “and it was definitely on our minds as we formed a plan for the COVID-19 vaccine.”
That plan, which was dubbed Operation Warp Speed, began to take shape during April of 2020. With his deep experience in both the pharmaceutical industry and government, Azar was intimately aware of the capabilities each brought to the endeavor, as well as the adoption constraints that would slow down critical collaboration. “Secretary Azar was in a unique position to think through the complexity of this ecosystem,” said Adner. He knew the government needed Big Pharma’s drug development and manufacturing skills, but he also knew about the resources available from across the executive branch, such as the Departments of Defense, Agriculture, Energy, Homeland Security and Veterans Affairs, which could turbocharge the operation. Azar and his team dove into the details of what each participant would need to have in place in order to engage and went about creating the conditions that brought them on board productively. “Starting with a strategy that considers the ecosystem challenges in advance, rather than one that is surprised as each new piece arrives, is the difference between an ambitious vision and an actual achievement,” said Adner. “What this team accomplished was absolutely extraordinary!”
Read more: https://www.tuck.dartmouth.edu/news/articles/how-idea-tuck-helped-launch-operation-warp-speed
How an Idea from Tuck Helped Launch Operation Warp Speed
The United States’ effort to provide COVID-19 vaccines to the world was one of the greatest government achievements in modern history. Tuck Professor Ron Adner’s ecosystem strategy framework contributed to its creation.
On March 31, 2020, Alex Azar D’88, then the Secretary of the Department of Health and Human Services (HHS), was on the phone with the CEO of Johnson & Johnson. Twenty days earlier, the World Health Organization had declared COVID-19 a global pandemic, and an HHS division had hoped J&J would develop a vaccine for the virus.
The proposed contract was business-as-usual for a partnership between the public sector and Big Pharma, where the government would give the company funds to get started (in this case, a 500-million-dollar grant), and J&J would invest the same amount from its own coffers. J&J’s goal was to start phase 1 clinical trials in September, with no guarantees about final pricing or quantities. But for Azar, who had been the president of Eli Lilly U.S. and had previously served as the Deputy Secretary of HHS in the George W. Bush Administration, the deal with J&J lacked the accountability and urgency demanded by the critical global health crisis. “The standard process made us too reactive,” Azar said. “To manage the crisis we had to shift to think about the ecosystem proactively, and that was the genesis of Operation Warp Speed.”
The next day, Azar spoke with members of his leadership team and expressed his frustration with the tentative, lumbering progression towards a solution. The country needed a vaccine as soon as possible; it could not be limited by the traditional processes that led to decade-long lags between drug discovery and distribution. Congress had just passed a two-trillion-dollar COVID-19 relief package and Azar knew that getting the country up and running again would justify an unprecedented investment. He told his team to imagine what was possible if money were no object. “What could physically happen if we put the full weight of the U.S. government behind this?” he asked. Their answer became Operation Warp Speed, an innovative reconfiguration of the entire ecosystem necessary to develop, manufacture, distribute, and administer an effective vaccine.
“To manage the crisis we had to shift to think about the ecosystem proactively, and that was the genesis of Operation Warp Speed.”
Secretary Azar visited Tuck this past February to discuss the strategy behind Operation Warp Speed in a fireside chat with Professor Ron Adner. Why? Because a key foundation for the way in which Azar and his senior leadership team approached creating this new ecosystem was anchored in Adner’s approach to ecosystem strategy. Adner, the Nathaniel D’1906 and Martha E. Leverone Memorial Professor of Business Administration at Tuck, is the author of the critically acclaimed book The Wide Lens: What Successful Innovators See That Other Miss, which lays out his novel framework for innovation ecosystems. In it, he defines an ecosystem as “the structure through which partners interact to deliver a value proposition to the end consumer,” and he shows how the difference between great innovations that succeed and great innovations that fail comes down to looking beyond your own firm and execution tasks and expanding your strategy to account for the co-innovators and partners who must come together for your innovation to deliver on its promise.
Adner developed and wrote The Wide Lens at Tuck, where he has taught in the MBA program and for Tuck Executive Education since 2008. His relationship with Azar began long before the pandemic. Azar first invited Adner to Eli Lilly in 2016 to help with the ecosystem strategy for an important product launch. When Azar became the leader of HHS, he again called on Adner to educate his senior leadership team. Adner first visited HHS in the summer of 2018, where he spoke at a leadership retreat and ran breakout sessions for senior members to apply his ecosystem strategy to key initiatives. “At that point,” Azar recalled, “it was about policy transformation, regulatory change, how you think about public policy as an innovation, and how you take the negatives in the adoption chain and convert them into being at least neutral.” By the time Adner went back to HHS in January of 2020, this work had influenced the FDA approach to vaping, the NIH approach to translational science, and the Surgeon General’s approach to the opioid crisis — all problems that crossed boundaries between consumers, public health, and the private sector. “I embedded Ron’s Wide Lens strategy as our way of thinking at HHS from day one,” Azar said, “and it was definitely on our minds as we formed a plan for the COVID-19 vaccine.”
That plan, which was dubbed Operation Warp Speed, began to take shape during April of 2020. With his deep experience in both the pharmaceutical industry and government, Azar was intimately aware of the capabilities each brought to the endeavor, as well as the adoption constraints that would slow down critical collaboration. “Secretary Azar was in a unique position to think through the complexity of this ecosystem,” said Adner. He knew the government needed Big Pharma’s drug development and manufacturing skills, but he also knew about the resources available from across the executive branch, such as the Departments of Defense, Agriculture, Energy, Homeland Security and Veterans Affairs, which could turbocharge the operation. Azar and his team dove into the details of what each participant would need to have in place in order to engage and went about creating the conditions that brought them on board productively. “Starting with a strategy that considers the ecosystem challenges in advance, rather than one that is surprised as each new piece arrives, is the difference between an ambitious vision and an actual achievement,” said Adner. “What this team accomplished was absolutely extraordinary!”
Read more: https://www.tuck.dartmouth.edu/news/articles/how-idea-tuck-helped-launch-operation-warp-speed
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BartenderElite
Verified User
"It will just disappear...like a miracle"
So you are saying Nixon's blame for the 1970's inflation magically stops when Carter took office? The 1970's inflation is the fault of Nixon, and his compliant Fed Chairman Burns. Carter's hard working Fed Chairman Volcker ended the inflation. Those are just the facts.
I think it is safe to say that ending the inflation cost Carter reelection. It may well cost Biden reelection. Do you think trump would have been willing to fight inflation like that?
"Too much money chasing too few goods" is a good definition of inflation, which does sound like standard supply and demand issues, but with an interesting twist. The goods are usually consumed, but the money is not usually consumed. Money can be almost infinitely reused.
So the amount of money being spent in primarily a velocity issue. If one dollar is spent, and respent every week, it is $52 a year to the economy. If one dollar is buried in the backyard, it is $0 a year to the economy.
That means that inflation, and deflation, are primarily velocity issues, with some money supply, and goods, and services supply issues thrown in.
America has one of the best medical research sectors in the world, and yet almost all the vaccines come from Europe? And then trump's distribution system lost over half the vaccines? And what do you say to the other people on the alt right who claim the vaccines are killing people? Wouldn't you be arguing trump is to blame for those deaths?
One point that you did get right was that trump tried to disconnect the medical researchers from the scientists in the CDC and FDA. he decided it was more important to have them talking to political appointees, who were mostly Creationists. That may have been the first problem.
Then we have trump's refusal to put his political reputation on the line. Where are the pictures of him getting the shot?
Finally, the complete failure of a distribution network can only be blamed on trump's habit of hiring the worst.
PostmodernProphet
fully immersed in faith..
there are perhaps some folks here stupid enough to believe that....you, for one........
PostmodernProphet
fully immersed in faith..
close but no.....I'm saying that Nixon's inflation ended years before Carter got elected and I'm saying you're too stupid to read the graph that shows that....
So 6% inflation is the end of inflation when a Republican is President, but severe inflation when a Democrat is President? Good to know.
ExpressLane
Verified User
Imagine if inflation fell from 1.4% for eight consecutive months. Eggs would be 99 cents
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Nomad
Every trumper is a N4T.
Well, you do make a joke out of yourself everytime you post your ignorant drivel, so I guess it stands to reason that you'd assume you're something more than that.
But the rest of us know you're not.
If eggs cost $1.11, and fell in price by 1.4% for eight consecutive months, then they would be at $0.99... But that would require a monthly fall of 1.4%, not an annualized fall of 1.4%. If that were caused by inflation/deflation, that would be annualized deflation of 16%, and would tear apart the economy very quickly.
If you used annualized deflation of 1.4% for eight months, your starting point would need to be $1.00 to get to an end point of $0.99.
Anyway, it has been 20+ years since eggs cost $0.99, I doubt we will ever return there.
PostmodernProphet
fully immersed in faith..
like I said, this problem exists because you are too stupid to read a simple graph......
Lightbringer
Loves Me Some Souls
You are right except for two things, that dollar isn't going to recirculate indefinitely because it's being taxed every cycle.
As for supply that's not a velocity issue IF the supply itself is hamstrung. Biden is hamstringing supply...and logistics, so velocity doesn't matter because the supply needed for velocity to matter isn't there in the first place. I give you props though for even understanding velocity (cash circulation)...most people don't get that.
Stringfellow Hawk
Member
there was not double digit interest and inflation in 74 jackass, go back to your favorite hobbies
ExpressLane
Verified User
Dumbass the point was eggs actually sold (I bought them from Krogers) for as little as 99 cents when inflation WAS 1.4% when Trump left office. If inflation fell even .1% a month for 8 months it would be 0.6% and eggs would still be selling around 99 cents.
I was helping out a family member that was on hard times and I bought them 99 cent a dozen eggs several different times. My wife however prefers Eggland brand because of cholesterol.
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As long as the taxes are spent, then tax money also recirculates.
Yes, there was double digit inflation in 1974. The average for the year was 11.0%, and the high was 12.3%. This is all well established history. Nixon's Fed Chair Burns, started the 1970's inflation, and Carter's Fed Chair Volckerv ended it.
https://www.usinflationcalculator.com/inflation/historical-inflation-rates/