I'm celebrating brat summer by eating a lot of Bratwurst.
'Brat summer' vs bratwurst summer: How Wisconsinites are reacting to trend on social media https://t.co/4vqLnCE8xp via @rachelleighhale
@carney I just can’t help but think the move for a rational landlord in this case is to hike rents as much as possible in non-inflationary times to avoid some downside of being capped out in inflationary ones. Which seems like a bad policy outcome. But maybe I’m wrong
@rationalwalk He went to law school on a full ride for being so poor apparently, according to his book. But good luck finding his Appalachian friends. Pls post when you do. Haven’t seen them talk about him yet, mostly just others from smaller towns than his calling BS
@ProfSteveKeen@prchovanec It’s a mistake to take some econ courses and think that you now know exactly how the world works. But if you view that as a starting point, it’s not a bad one. Learn important concepts and analytical/statistical tools. Complement that with broader lib arts like @prchovanec said
@ernietedeschi@cullenroche Think Mosler’s point hasn’t been about impact of rates on supply. Just that Treasury interest is income and spurs agg demand. Ignores fact that half of it goes outside the US and most of the rest goes to banks and insurance companies and it seems to have little impact on AD
@mark_dow In a lot of cases, this is definitionally true. Like the GS financial conditions index includes the move in stocks. So when it eases, a big part of the reason is specifically the fact that stocks went up
@carney Don’t think that’s normal. Also don’t think it’s normal to analyze the data like that. That abnormality might explain some of the other stats on this page
@rationalwalk In two years, my coffee place by the office has raised prices from $4.90 to $5.00. If only we could do this across all restaurants, we might be able to see the true trend!
@carney@TheStalwart Have been wondering about this framing a lot lately with respect to how everyone seems to think their economic situation is fine but that everyone else’s is bad
@mattklewis Think it’s an industry jargon thing. Don’t know about law, but in finance industry you get “conflicted” and “restricted” when there’s a conflict of interests or other situation