It’s Not Just Inflation, The Fed’s Lost Control | Round Up
Supply Shock
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The Base Effect in One Year Is Going to Make It Good, Right?
I think one of the comments was like, yeah, you know, if we just ignore 2021, it's all good. That's a mental gymnastics there to make battering and be like, Oh, but the base effect in one year is going to make it good. Look, an entitlement is a promise you make to yourself that you don't fund and you ask your kids to pay for. We have this weird incentive where we want to show lower CPI ratings because that reduces a very real liability on the US balance sheet. And I'm still screwed because I only got one and you know, Will's awesome. So I guess I'm just going to have to make sure that Will
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