One of the running themes of this website over the last 6 years is the idea that the US economy is not doing nearly as well as it should be, however, that it’s also not doing nearly as bad as some people would have us believe. I’ve called this period in history the “Era of Irrational Apathy”. Unfortunately, whenever I publish something like the recent post on the solvency of the USA I get a lot of pushback from people arguing that American living standards are in some sort of termi...| Pragmatic Capitalism
Stop screeching at the Fed to hit the gas pedal by lowering interest rates. Unemployment is 4.2% as of July 2025, which is about a point and a half below our long-run mean of 5.8%. I.e. it’s …| Neurotoxin
Here are some things I think I am thinking about. 1) The Rise of Socialism. The knives are out in the NYC Mayoral election. The surprising surge in popularity of Zohran Mamdani has everyone around the country focused on NYC and the rise of its| Discipline Funds
Here are three things I think I am thinking about this weekend. 1) How Did We Get Here? I won't bore you with more of the tariff debunking that I did last weekend. If you want to read that please| Discipline Funds
Real gross domestic product per capita| fred.stlouisfed.org
The long view of economic history says we're in the midst of a huge, unsustainable acceleration. What happens next?| Cold Takes