inflation is coming.
inflation is coming.
One reason people might think it's going up is that it makes you look cool and wise to say it is; another is that SV is expensive so you might think the rest of the world is too. But much of the world has negative interest rates, that's deflation.
https://noahpinion.substack.com/p/your-local-price-changes-a...
But something has changed. The fed is determined not to raise interest rates until there is serious inflation, and a lot of politically minded people are looking at trillions in stimulus and seriously saying the idea that we have to pay for spending with tax revenue was always a lie that we should now be free of.
It's easy to view inertia as evidence nothing is changing.
If it was spent it would cause inflation, but that's fine because we've been under our target forever, not that there was ever a real reason 2% was a target.
jobs are coming.