“Would American statism have come full flower in a non-air-conditioned capital city? Always, in technology, there are debits and credits.”
All in Economics
“Would American statism have come full flower in a non-air-conditioned capital city? Always, in technology, there are debits and credits.”
As Murray Rothbard wrote, “Inflation, therefore, lowers the general standard of living in the very course of creating a tinsel atmosphere of ‘prosperity.’”
While investors borrow to buy AI stocks, developers race to buy data center land.
“Crypto is so ruggable,” digital asset enthusiast turned prediction market devotee Nikshep Saravanan told Bloomberg. “People are tired of the game.”
Trump evidently can’t connect the dots between the last time rates were pushed below 1% and the 9.1% annual rate of price inflation.
Paper and digital money are light as a feather. Speculations can land with a thud.
Remember that when Trump took office in 2017, the very dovish Janet Yellen was Fed Chair. But he thought she was too short. So, he picked Jerome Powell who he now calls a “major loser,” a “stubborn mule” and a “numbskull.”
Trump’s Executive order concerning shower heads will likely be heard by SCOTUS.