If I were to engineer a massive deflationary bust, here's what I'd do.
THREAD:
1) Use lockdowns to justify the largest fiscal/monetary largesse in history
2) Set rates at 0% while buying endless amounts of debt to suppress yields
3) Directly send stimulus to the populace
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Some mantras for political thinking:
Truth is hard.
Humility is hard.
Independent thinking is hard.
Resisting tribalism is hard.
Over and over, you will forget that these things are hard, and that's probably when you'll fail at them.
1/5
Everything we call civilization was invented in the last 500 generations—way too short a time for our bodies and brains to re-optimize. We're a bunch of primates in a totally unnatural environment, trying our best. Good thing to keep in mind!
In 1994, Jeff Bezos famously spotted a stat that made him leave his high-paying PE job to start Amazon:
💡 The Internet was growing 2300% per year.
What are the generation-defining stats of today?
I'll post a few to kick things off...