[thadjo]

> I'd argue that in today's international economy, there is actually a huge excess of supply capacity that is under utilized.

By "supply capacity" here do you mean idle capital? I'm interested in this, but I'm not really sure what metrics show it.

[SubiculumCode]

I mean the capacity to produce goods and services. I am not an economist but it seems to me that factories will often run underneath max capacity. I also think that supply chains are more flexible than they were in the past. All cases of hyper inflation I know of always had a concurrent disruption to supply capacity (e.g. war, natural disaster, political strife). It seems ramping up production to meet demand is usually not an issue over the course of a year if there isn't some big externality preventing it (i.e.war). I'd be interested hearing from people who know more if this is the case.