In this issue:

• Populism and Product Sense

• Death Spirals

• Ahead of Supply Chains

• Catching Up

• Value

• Where Inflation Isn't

Populism and Product Sense

There's a common way to talk about populist politicians that almost reads like dry humor. Here's an example from Beef, Bible, and Bullets, talking about Rodrigo Duterte:

"Duterte cast aside any pretensions of respect f…