@NewDealdemocrat
#Optimists underestimated how much strong #demand lifted #inflation 2y ago. #Pessimists may be overestimating the importance of constraining demand to bring it down now.

#Optimists underestimated how much strong #demand lifted #inflation 2y ago. #Pessimists may be overestimating the importance of constraining demand to bring it down now, chart @WSJecon https://tinyurl.com/3nunz4nu

The #EsoteroUnicorn

Today: #optimism for #pessimists

Everything sucks; and that's a good thing 🙄 if it didn't, you might not be doing so well. And if you don't believe me, let me tell you, everything is getting worse. So in a few years, you'll have to admit that today was actually good. 😊

Don't let it get you down

Warning: esotericism should only be consumed in good doses, otherwise it can lead to serious side effects. 🤒

Happy Easter

Economists confused,
Stagflation summer surprise
What went wrong this time?

#economics #stagflation #pessimists #haiku #poetry

https://www.nytimes.com/2023/02/06/opinion/inflation-summer-stagflation-economy-recession.html

Borrow money from #pessimists. They don't expect it back
@StevenWright

For 200 years, #pessimists have had all the headlines - even though optimists have far more often been right
@MattWRidley

While a chorus of #pessimists, including #Nietzsche & #Marx, have been lamenting #science, #technology, #capitalism, #racism, and other purported horrors of the modern world, things just keep getting better. https://www.city-journal.org/html/welcome-golden-age-15761.html