I'm not sure I agree with Tyler Cowan that we've beaten inflation. I see the standard govt measures like CPI nearing 3%, but don't feel any relief yet. I understand that lower inflation doesn't mean prices come down from where they have moved, just think soem of the measures are overly optimistic. And I also see pressures that might keep inflation from dropping in the real world (shipping avoiding Suez/Red Sea for example). Fuel prices continue to bounce up and down, but $3/gallon gas seems to be on the low end of the norm now. And grocery prices continue to surprise me, as many items have nearly doubled in price compared to just a few years ago, and are going to stay there. Dismissing these prices and the psychological effect of them seems too convenient when discussing inflation and why we should really feel good about the economy.
The fact that the US fleet in the Red Sea area cannot stop the Houthis is foreboding enough. Add to that, that just recently it was the Indian Navy who retook a vessel from pirates in the area. Watch as BRICS comes to dominance in the global markets.
"the rematch nobody wants: Donald Trump and Joe Biden." Really? NOBODY? This sloppiness should never have gotten past the editors. Badly done Bari. I'm not used to this from The Free Press.
"Inflation is whipped". No, Tyler Cowen, it's not. Even by the government's own accounting Inflation is at 3.1%. That's more than a full percentage point over the 2% target. The CPI is worse. People see their grocery bills continuing to rise. The Fed simply doesn't have the stomach to get inflation to where it needs to be. Now they are talking about rate cuts in 2024? This is insanity.
It was interesting to hear Niall F. mention Kennedy’s actions in Cuba. I wonder what Kennedy would have to say on his Russia - Ukraine thoughts? Has a different tone and substance than Ferguson. Link to 6/10/1963 speech for a polite disagreement. Niall’s betting big with a pair of two’s.
We have licked inflation, really? Coulda fooled me. Things are not only not coming down but they're still going up. I also wasn't aware Biden had passed significant legislation of any kind. Expensive legislation, maybe. Where do you get these people?
Actually we will be fine. We will reinvigorate the Chip industry in America and move on. Ukraine being independent or part of Russia MAKES NO DIFFERENCE for Americans. What we must do is secure our borders and have a MARSHALL PLAN for American cities and towns. We must end the fentanyl crisis. Solve K-12 education crisis(hint school choice/vouchers)
Frank Luntz correctly identifies the dangers associated with the extreme level of political divisiveness in America today. Then he spends the rest of his time blaming Trump’s followers for it all. Anyone listening to Biden’s absurd rant about Nazi’s a couple days ago (or the absurd attacks from the likes of Pelosi, Schumer, Schiff, Waters, the “Squad,” and 90% of corporate media over the past 7 years) knows that at least half the problem resides with the Democrats. TDS is real and Luntz has it!
I am busy just now and only skimmed this article and comments - but feel compelled to weigh in on the seemingly random prediction that women will have short hair in 2024 - like in the 1920s.
Right now if a girl or young woman has short hair she is signaling that she does not want anyone to recognize her as female. "She's a "he/him"! So, young women who do not want that will continue to avoid short hair like the plague. Everyone "knows what it means". And, it is not this increasingly nonsensical term, "gender dysphoria", which appeals to the heart over reason (and actually helping anyone) . In 2024 I hope that the "gender" influencer -industrial complex (Admiral Levine, Jason Rafferty, "medicine", Pharma, The AAP, education/indoctrination, the Democrat Party, Establishment Business as usual Republicans, etc.) get their come-upance in society.
I take issue with Frank Luntz and what he says about schools being a failure. Kids are in school for maybe 6 hours a day. How are teachers supposed to fix kids when they come to school not knowing how to be civil or decent or respectful? I thought the Republican Party was the party of personal responsibility. Why is it then, that they blame teachers instead of parents for what these kids are lacking?
“Not slated to be a terrible year” “... global order is possibly stabilizing.....” “....licked inflation...”. Tyler Cowen obviously doesn’t do the grocery shopping if he thinks inflation has been licked. Prices were jacked up more than 9% in 2022 and have remained there even higher with additional price hikes since then. The “rate” of inflation may have slowed a little but prices of food and other consumer goods are at record highs. Many Americans have burned through savings and living week to week on credit cards paying an average of 25% interest on balances. Forget buying a home or a new car. Bidenomics have crushed many Americans. Ukraine, Gaza, Israel, Taiwan, the Middle East. Is this evidence of the “global order stabilizing” as Cowen believes? To say nothing of the wide open American borders bringing in millions of low wage workers to work in the big box stores and warehouses while taxpayers are spending billions to support the sanctuary cities who hate the immigrants.
The only thing that can prevent 2024 from being a terrible year will be the election of Trump.
"Tyler Cowen obviously doesn’t do the grocery shopping if he thinks inflation has been licked."
Seriously. Not to mention rent/housing inflation. And every service under the sun, like haircuts and car repair. Also not to mention that pay has not come close to keeping up with any of it. Except for things like gas and milk, once prices go up they never go back down to what they were before. Unless there is actual deflation, which never happens, Bidenflation is permanent.
Now I can start inserting "rizz" into my conversations with my students. I kill more good slang that way.
I'm not sure I agree with Tyler Cowan that we've beaten inflation. I see the standard govt measures like CPI nearing 3%, but don't feel any relief yet. I understand that lower inflation doesn't mean prices come down from where they have moved, just think soem of the measures are overly optimistic. And I also see pressures that might keep inflation from dropping in the real world (shipping avoiding Suez/Red Sea for example). Fuel prices continue to bounce up and down, but $3/gallon gas seems to be on the low end of the norm now. And grocery prices continue to surprise me, as many items have nearly doubled in price compared to just a few years ago, and are going to stay there. Dismissing these prices and the psychological effect of them seems too convenient when discussing inflation and why we should really feel good about the economy.
The fact that the US fleet in the Red Sea area cannot stop the Houthis is foreboding enough. Add to that, that just recently it was the Indian Navy who retook a vessel from pirates in the area. Watch as BRICS comes to dominance in the global markets.
"the rematch nobody wants: Donald Trump and Joe Biden." Really? NOBODY? This sloppiness should never have gotten past the editors. Badly done Bari. I'm not used to this from The Free Press.
"Inflation is whipped". No, Tyler Cowen, it's not. Even by the government's own accounting Inflation is at 3.1%. That's more than a full percentage point over the 2% target. The CPI is worse. People see their grocery bills continuing to rise. The Fed simply doesn't have the stomach to get inflation to where it needs to be. Now they are talking about rate cuts in 2024? This is insanity.
I loved this episode but the definition of “simp” was basically the same as stan
Stan is more a verb and simp is *more* a noun
And stan is more neutral and a simp is definitely a loser
It was interesting to hear Niall F. mention Kennedy’s actions in Cuba. I wonder what Kennedy would have to say on his Russia - Ukraine thoughts? Has a different tone and substance than Ferguson. Link to 6/10/1963 speech for a polite disagreement. Niall’s betting big with a pair of two’s.
https://bcbolt446c5271-a.akamaihd.net/media/v1/pmp4/static/clear/6057940510001/ebf52d42-afd4-49cb-beb7-5e6e2f5bece1/d967b03c-d9cc-4350-b07b-f1b93a5698c5/main.mp4?akamai_token=exp=1704679694~acl=/media/v1/pmp4/static/clear/6057940510001/ebf52d42-afd4-49cb-beb7-5e6e2f5bece1/d967b03c-d9cc-4350-b07b-f1b93a5698c5/main.mp4*~hmac=3c4efa3c6f64b3eaaf200655dcffbc057d7bb1f0e133e013cc6c1fc1da33aa8f
We have licked inflation, really? Coulda fooled me. Things are not only not coming down but they're still going up. I also wasn't aware Biden had passed significant legislation of any kind. Expensive legislation, maybe. Where do you get these people?
Actually we will be fine. We will reinvigorate the Chip industry in America and move on. Ukraine being independent or part of Russia MAKES NO DIFFERENCE for Americans. What we must do is secure our borders and have a MARSHALL PLAN for American cities and towns. We must end the fentanyl crisis. Solve K-12 education crisis(hint school choice/vouchers)
Focus on America and Americans!!
Frank Luntz correctly identifies the dangers associated with the extreme level of political divisiveness in America today. Then he spends the rest of his time blaming Trump’s followers for it all. Anyone listening to Biden’s absurd rant about Nazi’s a couple days ago (or the absurd attacks from the likes of Pelosi, Schumer, Schiff, Waters, the “Squad,” and 90% of corporate media over the past 7 years) knows that at least half the problem resides with the Democrats. TDS is real and Luntz has it!
John McWhorter: good one! Hilarious!
Same to Nate Silver.
Who is Leandra Medina and has she ever heard of the Roaring 20s Flappers?
I am busy just now and only skimmed this article and comments - but feel compelled to weigh in on the seemingly random prediction that women will have short hair in 2024 - like in the 1920s.
Right now if a girl or young woman has short hair she is signaling that she does not want anyone to recognize her as female. "She's a "he/him"! So, young women who do not want that will continue to avoid short hair like the plague. Everyone "knows what it means". And, it is not this increasingly nonsensical term, "gender dysphoria", which appeals to the heart over reason (and actually helping anyone) . In 2024 I hope that the "gender" influencer -industrial complex (Admiral Levine, Jason Rafferty, "medicine", Pharma, The AAP, education/indoctrination, the Democrat Party, Establishment Business as usual Republicans, etc.) get their come-upance in society.
I take issue with Frank Luntz and what he says about schools being a failure. Kids are in school for maybe 6 hours a day. How are teachers supposed to fix kids when they come to school not knowing how to be civil or decent or respectful? I thought the Republican Party was the party of personal responsibility. Why is it then, that they blame teachers instead of parents for what these kids are lacking?
“Not slated to be a terrible year” “... global order is possibly stabilizing.....” “....licked inflation...”. Tyler Cowen obviously doesn’t do the grocery shopping if he thinks inflation has been licked. Prices were jacked up more than 9% in 2022 and have remained there even higher with additional price hikes since then. The “rate” of inflation may have slowed a little but prices of food and other consumer goods are at record highs. Many Americans have burned through savings and living week to week on credit cards paying an average of 25% interest on balances. Forget buying a home or a new car. Bidenomics have crushed many Americans. Ukraine, Gaza, Israel, Taiwan, the Middle East. Is this evidence of the “global order stabilizing” as Cowen believes? To say nothing of the wide open American borders bringing in millions of low wage workers to work in the big box stores and warehouses while taxpayers are spending billions to support the sanctuary cities who hate the immigrants.
The only thing that can prevent 2024 from being a terrible year will be the election of Trump.
"Tyler Cowen obviously doesn’t do the grocery shopping if he thinks inflation has been licked."
Seriously. Not to mention rent/housing inflation. And every service under the sun, like haircuts and car repair. Also not to mention that pay has not come close to keeping up with any of it. Except for things like gas and milk, once prices go up they never go back down to what they were before. Unless there is actual deflation, which never happens, Bidenflation is permanent.
So true. Bring back success
Bravo Niall Ferguson.........goodbye US hegemony. Whatever happens afterwards is at the moment anyone's guess.