Prof G Markets Why Chaos Has Become an Economic Strategy — ft. Kyla Scanlon
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Feb 20, 2025 
Kyla Scanlon, author of "In This Economy? How Money and Markets Really Work," shares her insights on today’s chaotic economy, especially for Gen Z. She discusses ‘faffonomics’—the unpredictable outcomes of chaotic economic strategies that erode trust. Kyla highlights the challenges young people face in the job market, emphasizing the need for adaptability. She also examines how Gen Z interacts with technology, media, and financial uncertainty, providing practical advice for navigating their tumultuous economic landscape.
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FAFOnomics
- Kyla Scanlon calls the current economic strategy "FAFOnomics," meaning to experiment and see the consequences.
- This reflects a distrust in institutions and a willingness to disrupt existing systems.
Chaos as a Strategy
- The "FAFOnomics" approach is driven by distrust in institutions and amplified by social media echo chambers.
- Misinformation spreads rapidly, contributing to hasty decisions and a lack of informed action.
Measuring Economic Well-being
- Traditional economic indicators like GDP may not fully capture the reality of people's economic well-being.
- Metrics like housing affordability, healthcare access, and education are crucial for a complete picture.
