1. No, this is wrong. Monetary policy creates inflation when the supply of dollars increases faster than the size of the economy backing those dollars. Often, this is because of government programs that inject trillions of made up fairy dollars into the economy. The result is that demand for everything goes up, and prices go up.

2. The economy crashes when the FED tries to roll back demand by making borrowing more expensive.

3. Corporations that are run poorly and have special ties to lawmakers (e.g., automakers and by extension their unions, for example, who donate to Democrats) are bailed out.

4. Repeat only if you cannot learn anything from this.

I'm actually surprised it isn't higher elsewhere. So many people find meaning in their faiths. It's actually quite sad that "material well being" is a source of meaning for people.

Like "my Mercedes gives me my meaning" or "being an accountant is what give me meaning" is really sad to me.

Thinking something like "God's plan for me gives me meaning" just doesn't sound nearly as trivial or shallow as pointing to things you own or your current job.

>When I lived in San Francisco I was chatting with a venture capitalist who invested in consumer brands. I mentioned that Peloton had set up a display in an upscale mall in suburban Cincinnati, where I grew up. He was shocked, and said “Wow — that shows you how hard growth is to come by these days, that they are trying to sell Pelotons in a place like Cincinnati.”

This kind of thinking always blows my mind.

I've been to NYC a few times, and I cannot understand the appeal at all. Expensive, cramped, dirty housing. Garbage everywhere. Horrible traffic, and grimy subways. Really expensive cocktails.

You can find a decent bar in any city in the world. I don't get the appeal of New York.

I mean, it's okay to visit there occasionally and see a show or something, but I'd never, ever want to actually live there.

> Overlay with GOP tax cuts.

Overlay with Biden spending $800 billion dollars by executive order without Congress.