On Inflation: The fed printed $9T since the Great Recession, that’s 600 years worth of money in the last 10 years. - Matt Stoller on Under the Skin

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Stagflation babyyyy

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The US has a $20T economy. Matt is not good with math.

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The math is fine, you just have to pick the right 600 years. Sounds like Matt is using 200-800 CE.

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So recession going to happen along with lots of layoffs?

The economy is a cyclical event. What goes up must come down. This is a healthy cycle where companies and people are disrupted giving the opportunity to change. (Just as we talk about “disruption” as a positive change in a product lifecycle, for example.)
Sometimes we need a macro reorg to realign resources to a new era. For example in 2008 there was a major disruption follow the innovative products of social media and the iPhone going mainstream in 2007. So instead of companies building websites, some moves to building apps.
Who knows what will happen but it’s good to embrace the downturns because they happen cyclically so they should be no surprise.

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