wfrost

Devine Deflation.

The Holy Mother of all Delusions.

Agree, without a corresponding tax increase that maths it isn’t much use.

Also, it would increase debt and drive inflation, which is highly regressive (and more significant than most people assume)

Yeah it’s tough for states to tax capital gains and prevent capital flight

His feels are not good.

Pure vibes take: this war needs to end by next Friday to avoid a 2026 recession

I think I’ve just seen the best piece of art that encapsulates the MAGA world

New circumstances, same ole tune

But what a 20-year run, though.

This guy belongs in jail.

Agree, measuring productivity is sometimes really hard.

Which is not a good reason to measure something else and pretend that matters.

Stagflation = the Worst

Hegel once said, "Philosophy is holding one's time in thought."

This is what he meant. This is our time.

Agree. It's really sad. Core education is public good that, for some, became insurmountable student debt. Reading Dewey has become a discretionary purchase - a major barrier to learning how important public education is to a functioning democracy.

There's something very politically powerful about the marriage of fiscal realism and socialism. (It also happens to be economically consistent).

Mamdani seems to be doing this quite well so far.

In education, I do think there is an important function that has nothing to do with "pencils-to-paychecks," but sometimes that is not conducive to grading (which is fine, just different)

It's all over the map in corporate, too.

Most effective companies realize that all that matters to profitability is productive outcomes, and that's really the only thing worth (trying) to measure and reward.

Agree. I've seen this in the corporate world. When businesses can't measure productivity, they start measuring activity, and then they start comparing their employees on bad standards.

If a school cannot measure productivity (ie adherence to an accepted norm), it just shouldn't measure at all.

Senators need fridge stars too!

And who is gonna be like, "Well let's go find out!"

lol

"But for that war we started, it's all good."

Interested to see whether this current bottleneck leads to new long term supply channels, which would be a significant future loss of leverage for Iran if there were ways for Gulf nations to pipe oil to the Med/Red Sea.

(Note this kind of stuff is at least 24 months away)

And it gives plain old EBITDA a bad name

But yeah, everyone tends to think about just the demand side and ignore the supply side

Generally, deflation caused by demand declines is not good.

But it depends on the circumstances, and sometimes deflation is a necessary solution to an underlying imbalance

What matters is the cause if deflation. If caused by productivity gains, and nominal wages stay flat, deflation is fantastic for the middle class.

Citation

Agree, empirically deflation is more often associated with growth, and inflation with recession.

At some point the left should admit that voters are not idiots to want deflation.

This sounds 100% on brand.

Agree, I don’t know enough either. Super curious to find out though!

Oh yeah that one strategic advantage they’ve been talking about for 30 years… didn’t really think about it!