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Bureaucracy and Regulation
Like new money, knowledge spreads unevenly through the economy in a kind of Cantillon effect. Here's what that means for different market actors
Money and Banks
"I get the impression that these people … believe the threat of inflation pales in comparison to climate change and racial inequities."
If a politician has no clue about what causes price inflation, she probably isn't going to have any idea about how to fix the problem.
A general decline in prices is good news for wealth generators, since deflation means the economy is cleaning out its bubble-fueled, wealth-destroying activities.
The Federal Reserve is aware of the “bubble of everything” created in recent years and the elevated levels of debt throughout the economy. But any tightening is likely to trigger a recession.
Academia not only generated this cultural revolution but was the site first ravaged by it. Higher education is long gone, and Peterson’s retirement from it is somewhat anticlimactic.
Politicians around the world have managed to threaten, cajole, and force vaccination on millions of their citizens. But resistance remains, and protests are growing.
When the Democratic Colorado governor slightly scaled back covid mandates, he met furious opposition from the Left. Expect these people to push mandates forever.