wfrost

Wait huh? You mean we don’t have the jurisdiction to tax companies in China?

At what point when you’re paying troops with your own private money do they not just become mercenaries

Democracy brought us this mess, it seems. We no longer live in a functioning constitutional republic.

Hard to know without the control/counter-factual.

We do see technology driving deflation in tons of products. But oddly not in the aggregate

Its funny because the comment itself was taken out if context. But the core truth couldnt be more perfectly within context.

Agree it’s not low, it’s just average. (2.67% avg over last 30y).

To me there are two interesting questions:
1. What does it mean that inflation is still this high given recent productivity gains of technology?
2. Do we really want 2% to 3% inflation? I see improving arguments for light deflation

Don’t worry, soon it will organize results automatically based on the preferences you share on Bluesky 🫣

Trump can do anything he wants unless Congress stops him now or voters stop him in 3 years. I’m sorry but it’s that simple.

Im not sure I trust the numbers, and I hate the political bullshit, but 3% YOY inflation is not that hot according to recent history or the orthodoxy.

I’d love so see moderate deflation, and I think so would most voters, but this report will do little to delay a FMOC rate cut, so says the market

This is below expectations and not that significant. There is a good discussion to be had in whether we should be targeting deflation, or why we haven’t seen more inflation, but this inflation falls within the orthodoxy of acceptable

Its the least important absurdity of the year

Damn, thats impressive. I wish I could write two words without launching a massive self-referendum

Don’t get distracted by this. Its gross and obnoxious but it wont impact 99.9999% of Americans

Pritzker on Fox: "He's challenging the integrity of the next election by sending troops into our cities. It isn't about fighting crime. He said he's going after the worst of the worst. That's not what they're doing. They are literally after black and brown people because of the color of their skin."

This is designed to incite and distract. Yes it’s obnoxious and disrespectful. But Dumpster wants us to focus on this instead of something else…

Tearing down 1/3 of the White House is almost as good of a distraction as dropping bombs on brown mariners or Callsign Dumpster shitting on New Yorkers.

Its almost like there is some other matter that he doesnt want to be in the news…

Another day, another degree.

This, and, 30 years of underfunding education and economic marginalization makes this labor pool frustratingly sufficient

How did we get a Nationalist movement in the US that completely lacks economic populism?

This makes perfect sense in aggregate. But if the profits of productivity gains are concentrated, then isn’t the argument stronger that average Americans benefit more from deflation?

(I noticed your caveat here in the article; just curious what happens if we flip the starting point of analysis).

News Alerts Read more here.

🚨BREAKING: The State of Arizona filed a lawsuit accusing House Speaker Mike Johnson of violating the Constitution by refusing to swear in Representative-elect Adelita Grijalva. The plaintiffs argue that Johnson’s delay has deprived hundreds of thousands of Arizonans of representation.

Notice how it’s always, “the Bible must inform our laws!” until it comes to the +2,000 verses in the Bible that discuss the generous use of wealth and possessions in a way that prioritizes the needs of the poor, this sick, the stranger, the vulnerable, and the oppressed.

It’s bizarre how people think “deflation” means something more than “falling prices.” As if it is carrying a disease.

Deflation is not nearly as bad as they would have you believe. It all depends on what causes it (demand or supply).

Supply-side deflation, driven by technology and productivity gains, is wayyy better than higher profit capture by the 1%

I don’t think stopping deflation is the key goal. To rebalance, they need to boost domestic consumption. Deflation might help that if nominal wages stay flat.

For sure it’s on the same march.

But why do voters on right care more about this value signaling and cultural alignment with unempathy (or anti-wokeness) than their own economic self interests?

Ummm, just journalists?

Is that a legit legal defense, or only isfa it points to prosecutorial animus?

This one is really not that bad on the scale of problems confronting our Republic.

But the image is certainly poetic

I wonder if that political awakening will one day lead to a rethink of the FOMC inflation target. In the short term, there is massive policy discord:

Voters want deflation
Trump wants inflation (way lower rates)
Trump tells voters he fights for deflation
Policy wonks tell voters deflation is bad