Inflation creates winners and losers. So does the cure. That’s why controlling inflation matters, even when the cure hurts. It explains how resilient spending and miserable sentiment coexist. Aggregate wealth is not household purchasing power. There is no contradiction. It’s what averages hide.

Show Post

Those shifts show up as an erosion of trust, which is rooted in that earlier era and has festered with time. The system feels rigged against too many; the rebound in inflation is intensifying those emotions. Here is my linked in post lnkd.in/p/gqp3AWHE

Show Post

This is WHY our welfare state is so crappy in many ways. People think you can provide "Temporary Assistance for Needy Families" and that will solve poverty. And it's just Not True.

Show Post

It has literally never in human history been remotely as easy as it is right now to find good books and to buy them incredibly cheaply

Show Post

Sam Darnold, my guy

Show Post