Taleb’s Turkey
I wonder if this is accurate…
The "leading evangelist and architect" of Bidenomics, Jared Bernstein, is dealing with “confusion, guilt” and “cognitive dissonance.”
Finally, an op-ed with the revelation that “average inflation targeting” is a concept so stupid it could only have come from PhD economists:
“Because inflation targeting has boosted returns to capital over labour, it may have also contributed to increasing income inequality. This disparity has probably played a role in the rise in populism in many countries.”
Former St. Louis Fed President and current idiot Jim Bullard explains:
To be fair, there were one or two cranks who objected back in 2020:
Isn't this literally the plot of Snowpiercer?
“To get started it only takes one person to say, “I have 100 million quid, I have a business jet, let’s go. History will judge whether that’s a good thing or a bad thing.””
Thanks again to the paid subscribers who are a source of encouragement, even though this is mostly a labor of love.
And to everyone, Happy Thanksgiving.
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