Don't Blame Inflation on Stimulus Checks. Blame It on Corporate Greed
Pundits blame stimmies and wage growth for inflation, and say pain for average people is the remedy. It's not true.
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Bad takes, revisited.
«More jobs means fewer people looking for work, means it’s harder to find good people to fill those jobs, means you got to raise wages to get them, means inflation goes up. You got it?”»
How inflation became America’s greatest economic problem
The last time inflation was this high, the Fed engineered a severe recession. Unfortunately, the problem is much more complex now. Can the off-ramp to spiking inflation go better this time?
Endless Uncertainty
The night before the D-Day invasion, a nervous Franklin Roosevelt asked his wife Eleanor how she felt about not knowing what would happen next. “To be nearly sixty years old and still rebel at…
«The future is always endlessly unpredictable. What changes isn’t the level of uncertainty, but the level of people’s complacency.»
Where does the wealth go when asset prices go down?
It vanishes into nothingness.
«The short answer is: It didn’t “go” anywhere. It vanished. It stopped existing. That’s not a natural or intuitive idea — how can wealth just disappear? —»
The Inflation Miscalculation
What the 'Transitory Inflation' Narrative Got Wrong