Why not stagflation? The 1960s were a sign of endless trust in Keynesian expansion to the extent that Milton Friedman could say of Richard Nixon "everyone is a Keynesian now". The 2010s are a sign of endless monetary expansion until everyone trusted the Greenspan put. 1/2
-
-
Great point re: rent vs purchase. Yeah i saw at least some versions of it (computers became practically free, but healthcare/education not so much).
-
An explanation of inflation over the past 20 years: Purple: government interference Turquoise: no outsourcing or other productivity gains Green: partially outsourced (cars have tariffs) Yellow: outsourcing Red: productivity gains (software and technology)pic.twitter.com/Ej17CCQw0L
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.