Good evening. On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testi
This is pretty insane. It feels like US institutions are crumbling
It’s like we’re in a strange, speed run, crossover episode of the fall of Rome meets WW2 Germany.
Once the AI and housing bubbles pop, elements of the great depression will be mixed in. That will be the final tipping point. People are protesting now, but many more are held back by needing to keep a job and a place to live. If a large percentage of the population - as in great depression level percentages - don’t have those anymore… it’s a terrifying prospect.
Lowering interest rates let’s the bubbles continue, and worsen, while also cutting the safety net for when they do pop. This is the time to keep or slowly raise rates to deflate the bubble. Prop up single family home ownership, redduce landlords and rent gouging. Prevent company cross investment. Split large companies to soften the fall. Invest in energy infrastructure to ensure it doesn’t fail next.
Economic policy is going to be what either saves or breaks us. Unfortunately, the current administration is running in the opposite direction of sensible solutions.
It’s like we’re in a strange, speed run, crossover episode of the fall of Rome meets WW2 Germany. Once the AI and housing bubbles pop, elements of the great depression will be mixed in. That will be the final tipping point. People are protesting now, but many more are held back by needing to keep a job and a place to live. If a large percentage of the population - as in great depression level percentages - don’t have those anymore… it’s a terrifying prospect.
Lowering interest rates let’s the bubbles continue, and worsen, while also cutting the safety net for when they do pop. This is the time to keep or slowly raise rates to deflate the bubble. Prop up single family home ownership, redduce landlords and rent gouging. Prevent company cross investment. Split large companies to soften the fall. Invest in energy infrastructure to ensure it doesn’t fail next.
Economic policy is going to be what either saves or breaks us. Unfortunately, the current administration is running in the opposite direction of sensible solutions.