I wrote long-form articles anticipating inflation before it happened based on the lagged outcome from the fiscal/monetary impulse, and then called for a period of disinflation from around the top (but still with structural inflationary pressures thereafter, which I continue to monitor).
Regarding macro, I got some things right or wrong, and sometimes had to pivot as new information or analysis compiled as we all have to do, but inflation is the key thing my analysis absolutely nailed. It's part of what 10'x my audience.
And a key reason for that was because I was non-partisan and non-biased in my analysis. During the Trump administration I began calling for inflation with a lag, and then during the early Biden administration I continued to call for it as it materialized, until the conditions for it began to ease.
A rapid growth in money supply is a leading indicator for a rapid growth in aggregate prices, and that started under Trump and continued under Biden. I was Monetarist and Austrian in my analysis, not Democratic or Republican.
Walker is largely correct, because Monetarists and Austrians are largely correct. Politics aside.
The reason I say that "nothing stops this train" is because 80-90% of the deficits are election-independent. If they were mostly election-dependent, then the train would be stoppable, and I wouldn't make the memes.
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It doesn’t happen often but when GDP growth is greater than “monetary inflation” there is usually a general price DECREASE , right?
In other words there can be positive monetary inflation and a general price decline IF the GDP increase is higher than the monetary inflation.
It’s 30-50 years of bad policy. We don’t have leaders today willing to stand up and do the right things, and they don’t have constituents beneath them who are willing to either.
We don’t have people running, or in office, who are willing to attempt to resolve the issues.
So, regardless of Republican or Democrat, each and every president will continue to spend more than the last.
Show me the incentive (👉 grift) and I’ll show you the outcome.
one of the things that pisses me of is bitcoin folks going after Keynes as if he was some version of Marx or some clueless econ that was lucky to be at the center of decision making and ruined it for us. The 50 and the 60s were thanks to Keynes. He understood how to heal an over indebted system without rocking the boat. that the Samuelson tribe robbed his name and tainted his ideas was not his fault. He did tryied to get back to a hard currency at BW, I don't get why folks keep associating him to fiat money, I dont think he intended to have permanently.
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