1/ The Cathedral is starting to admit that Social Security is going to collapsehttps://www.washingtonpost.com/opinions/we-were-right-to-worry-about-the-nations-fiscal-future-but-i-know-when-to-fold-em/2021/01/27/dae752fc-6023-11eb-9061-07abcc1f9229_story.html …
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12/ When SS's IOUs are worthless, they don't disband SS some Wednesday at 2pm. Instead, they adjust the knobs. Full on doomerism can be fun LARPing, but it's not _useful_. Prepare for realistic / likely cases instead.
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13/ Deflation only happens when money supply is fixed (bc specie currency). I can't see a scenario where we experience real deflation in a world where the fed go brrrrr > RT
@wraithburn It could even just be another Panic of 1837, with the deflationary shock of the time.Show this thread
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Wish I could rt this. So many of my friends are baffled when I don't predict total economic collapse because of X or Y event.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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