Staglation: Inflation eating economic gains
“Experts” assured us inflation would be minor and temporary. A year ago. Data indicates high inflation and hints the economy – after accounting for inflation – may have shrunk in…
Gallup poll: “Americans Revert to Favoring Reduced Government Role”
Likely an effect of authoritarian rule the past 19 months: Americans once again say the government is doing too many things that should be left to individuals and businesses. Source:…
There is no inflation, I tell you: “Heating bills set to soar as inflation hits energy prices”
But the experts tell us there’s not much inflation and even if there were, it’s just momentary. We can print as much money as we want without consequences! NEW YORK…
But they assured us there is none: “Inflation gauge should be hot again in September and for months ahead”
I’m so old, I remember when the government officials assured us they can print as much money as needed and there will be no inflation we need to worry about.…
About Half of millennials meet definition of “Super Savers”
Principal defines these Super Savers as people saving either 90% of the maximum in their retirement plan — such as a 401(k)–or at least 15% of their income. According to…
“Flight shaming”: Global travel should be banned.
Saving the planet requires that we stop gaping and gawking at travel blogs and vacation selfies. Instead, everyone who cares about the environment should shame those who clamber onto an…
Electric vehicles are not a panacea to controlling climate
Read the whole thing: Opinion: The unintended harm of subsidizing electric vehicles and charging stations – MarketWatch
Taleb says bitcoin effectively worth zero
People also conflate the success of bitcoin as a digital currency with the success of bitcoin as a speculative investment. To be a currency would require it to have some…
Inflation is inflating: “Inflation climbs higher than expected”
The consumer price index was expected to increase 5% year over year in June, according to economists surveyed by Dow Jones. Source: CPI report June 2021: Inflation climbs higher than…
Economist shows correlation between economists and idiots
R^2 = 0.25. This is not a correlation. In case he deletes the chart