341–350 of 593 posts
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The piecemeal approach ensures they avoid massive shocks and over-correction. The cure should not be worse than the disease.
that happened.
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High gas prices are mostly a function of insufficient refining capacity, short of the government building more, I dont see a policy fix here. The market is responding to the probability of an electric future.
Mandate work from home capability for anyone who can work from home; prioritize oil consumption for non discretionary use cases where you have no choice but to move atoms vs bits. Agree with your thesis otherwise, no way to juice output in the short term, only shims until electrification ramps faster (which, I argue, should carry the same gravity and speed as a wartime effort, but alas I am not a politician). Edit: N…
Oh yeah that'll get past congress. I'm sure one of our parties won't have an aneurism over this idea :)
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Wealthy people pay almost all the taxes. the top 10% pay 71% of taxes and the top 25% pay 87%. 75% of the country contributes nearly nothing but complaints.
> top 25% pay 87% Wow, this is pretty eye-opening.
I know this may sound petty and the wording is regularly found even in the best editorial offices, but the engineer in me resists every time: the correct wording should be "by 0.75%-points" instead of "by 0.75%". Am I the only one who is bothered by this?
Yes. Everyone else can use context.
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> personal preference is to trigger a recession and reduce inflation These aren't binary outcomes. Tight money does nothing to ease supply-side bottlenecks. It does little to target demand displaced by rising energy prices. If those are the principal drivers of inflation, tightening could depress non-energy demand in a way that causes a recession without alleviating inflation. Stagflation. (To be clear, we're not at…
Through their actions they’re revealing that all of the excuses thus far were a lie. “Chip shortage”, “wood shortage”, “salmon shortage”, were all fake and overblown, and the real problem was too much money the whole time.
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It's not just the hip spots anymore. This comment is pretty out of touch.
Plenty of homes available for https://www.zillow.com/detroit-mi/
The returns that capital demands (and the government obliges to) are ultimately unsustainable. That's the core problem here. Rising wages? There has been no meaningful real increase in wages in 40 years despite a massive increase in productivity. Profits keep going up and up. The expectations for profits keep going up. The problem here is that the people who make companies possible don't get to share in the proceeds…
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I just wish it was done earlier and more cheaply during otherwise good times.
Exactly, the best time to raise rates was 6 years ago when the economy was humming along well. Instead the fed kept them too low creating huge bubbles, which it's now in the process of popping. These next few years are going to be a lot rougher than they needed to be. This isn't just hindsight bias either. Plenty of people have been warning about exactly this problem for years.
The returns that capital demands (and the government obliges to) are ultimately unsustainable. That's the core problem here. Rising wages? There has been no meaningful real increase in wages in 40 years despite a massive increase in productivity. Profits keep going up and up. The expectations for profits keep going up. The problem here is that the people who make companies possible don't get to share in the proceeds…
The Norway example is really annoying. It keeps coming back as an example to follow, when everybody knows it is a complete outlier that cannot be reproduced elsewhere. Norway is sitting on a gigantic pile of offshore gas that it uses to generate massive profits that go into a huge fund they don't know what to do with, all of that for a 5M population that drowns into social programs. There is literally no country in t…
Source: https://www.norskpetroleum.no/en/production-and-exports/expo...
Norway EXPORTS about $80Bn worth of oil & gas per year. Which is about $14,800 per capita.
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Financialization. Damn near everything is actually a bank these days.
and even more so the fact that 2008 resulted in no real punishment of this system like a real free market should have caused. The response to 2008 will be seen as a historic gaffe