The Christmas Cookie Inflation Index has risen 12.0% in the last year. This is compared to the official inflation rate of 3.2%.
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Let’s explore the idea of inflation being “good.”
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The changes that need to be made to fix our cities will never come about in a culture whose solution for everything is “Just print the money.”
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How do local leaders make the right decisions in a world based less on facts and fundamentals than on who can tell the best story? It starts with learning to see beyond the false narratives.
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Cities won’t die in a vacuum. When you see a vacant office building, what you’re really looking at is your pension fund going belly-up, a loan that won’t get repaid, services that will have to be cut.
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Why does infrastructure cost so much to build in the U.S.? The fundamental reasons aren’t technical. We’ve structured our postwar economy to use overspending on infrastructure as a way to induce short-term growth.
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The desperate need to fill pension shortfalls may be wreaking havoc on the financial system.
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Modern Monetary Theory suggests that recessions can be avoided – along with lots of unnecessary pain – if policymakers will commit the resources to preempt them. Sounds like the same promise the Forest Service made fighting fires last century.
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Modern Monetary Theory is the financial foundation of the Green New Deal. It’s an experiment our cities don’t want to undertake.
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