RE: 23.6 percent of all USD in circulation created in 2020

“They” keep telling me there is no inflation. Or at least what inflation there is is either negligible, or even desirable. 

Then I look at what Zillow says my house is worth, and I know better.

*****

Ever notice how over the last 30-ish years, the idea that the budget deficit is a problem has largely faded from the public discussion? It feels like we’ve taken whatever proportion of the national political conversation that used to be dedicated to fiscal matters and replaced it with cultural/moral rhetoric.

One theory I have for explaining that is that there’s nothing left to talk about. Our fiscal situation is hopeless. Anyone paying attention knows that. Everyone knows there’s no political appetite for doing anything about it. Therefore, in the sense of “If you don’t have a solution, you don’t have a problem”, there’s no point in worrying.

So what is a person to do? What can the average American do to ensure the best possible deck chair on this Titanic?

I should read up on that. I’m sure there are people smarter than me who have given it some thought.

Meanwhile, if you want an interesting (and depressing, but ultimately hopeful) read on one possible scenario, The Mandibles is pretty good.

 

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