Jun 8, 2023Liked by The Rational Walk

Thank you. Another educational post.

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Jun 3, 2023Liked by The Rational Walk

I have it on good authority, none other than Nobel Prize winning economist Paul Krugman, that there's no evidence that inflation hurts the poor! Look it up on Twitter if you don't believe that he said this.

I jest of course...only an economist could believe that.

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Yeah, he’s a ridiculous character. I quoted his tweet here: https://rationalwalk.substack.com/p/the-high-cost-of-poverty

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Jun 2, 2023Liked by The Rational Walk

Great summary. For years, I thought debt and demographics would dominate macroeconomics. I now believe that view was naive "first order" thinking. For political and monetary reasons, there must be an inflationary response that overwhelms the deflationary forces. Combine that with peak globalization / wage arbitrage and you ultimately realize secular inflation is damn near certain, as you elegantly outline.

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