I’ve been enjoying your posts the last couple of months. I didn’t realize you were a Bitcoiner. Then, last week I learned of your bitcoin-ness and became a paid subscriber.
You are a rare person, indeed, who is both intelligent and a witty communicator.
Thanks for the great summary. I enjoy getting these each week. I’ve been a skeptic of the CPI numbers knowing they adjust as needed to massage it to an “acceptable” range for the public, but just when I think I cannot be any less impressed with government produced metrics then you share something like this. At this point the whole global financial system just feels like a rickety POS being held together by duct tape. 😒 #Bitcoin
Sorry James, I feel dumber after this read. Not because of your explanation, but because these measures exist, and policymakers rely on them to "steer" our economy. Clown show.
James - really great article. Do you have any initial macro-level thoughts on how emerging technologies (i.e., AI/ML, Quantum computing, Web3) may influence inflation and consumer pricing long-term?
AI in particular will be extremely deflationary, IMO. This sets the stage for a massive battle for central banks to maintain high enough inflation to keep negative real rates in order to inflate away the massive debt loads. Jeff Booth’s The Price of Tomorrow lays this all out, if you have not yet read it.
I’ve been enjoying your posts the last couple of months. I didn’t realize you were a Bitcoiner. Then, last week I learned of your bitcoin-ness and became a paid subscriber.
You are a rare person, indeed, who is both intelligent and a witty communicator.
Thank you for your work.
Thank you David, I sincerely appreciate the kind words and your support. Great to have you in the community!
Thanks for the great summary. I enjoy getting these each week. I’ve been a skeptic of the CPI numbers knowing they adjust as needed to massage it to an “acceptable” range for the public, but just when I think I cannot be any less impressed with government produced metrics then you share something like this. At this point the whole global financial system just feels like a rickety POS being held together by duct tape. 😒 #Bitcoin
Thank you Kellen. It’s incredible once you start digging in, isn’t it? The level of deception and manipulation is astounding…
Sorry James, I feel dumber after this read. Not because of your explanation, but because these measures exist, and policymakers rely on them to "steer" our economy. Clown show.
Incredible, isn't it? Makes you question the whole circus.
I'm way past questioning, think I've drawn some pretty solid conclusions. #Bitcoin
🤝
James - really great article. Do you have any initial macro-level thoughts on how emerging technologies (i.e., AI/ML, Quantum computing, Web3) may influence inflation and consumer pricing long-term?
AI in particular will be extremely deflationary, IMO. This sets the stage for a massive battle for central banks to maintain high enough inflation to keep negative real rates in order to inflate away the massive debt loads. Jeff Booth’s The Price of Tomorrow lays this all out, if you have not yet read it.