Bad Medicine Root Cause Analysis: Abstractions Are Killing Us
Abstractions are invented and agreed upon by us but often become runaway Frankenstein’s monsters when we forget that we made them up.
Inflation
The Emperor’s New Commodities
Frauds and hucksters have always relied on false dichotomies and thought-terminating cliches to misdirect the attention of their audience from more appealing alternatives.
Fed Chairman Powell Wants Higher Unemployment to Stop Inflation
Twitter Thread: Consumer Price Index is 9.1%. year over year. The Fed’s solution is to raise interest rates, killing the economy to bring down. A thread about establishment logic. #CPI 9.1% Fed Chair Powell wants to raise unemployment and lower wages to fight inflation. Recession risk is a lower priority. https://www.marketplace.org/2022/05/12/fed-chair-jerome-powell-controlling-inflation-will-include-some-pain/ But, many sectors of the economy …
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What Should Brazilian Economists and Policy Makers have Learned from the Crisis?
By now (2012), economists should know better than to rely on private borrowing alone to keep economies from underperforming.
The National Debt and Other Red Herrings
Discussions of inflation are often laden with an air of superstition and moral panic. Like all such things they can only persist in the face of misunderstanding and rumor.
Don’t Call it Inflation, it’s Capital Retaliation
Regardless of what the media tries to tell us, there are only two real-world reasons prices are rising at this time: disruption to the supply chain and capital retaliation.
Why America’s “Shipping Crisis” Will Not End
A first-person narrative of a truck driver with 20 years of experience of why nothing is going to change in the shipping industry.
Money Growth Does Not Cause Inflation!
It is conventional wisdom that printing more money causes inflation. The only problem is, it’s not true. That’s not how inflation works.