Image Source: Pixabay

Adam Ozimek published a piece in the Atlantic that basically boiled down to ‘we don’t have to destroy the economy in order to fix it’ - which I love. There’s nuance, of course (rate hikes helped, we needed a bit of a slowdown) but the general idea that we don’t need unemployment to rise to get a Recession to sucker punch inflation is really good - we don’t need excessive pain to get progress.

It’s all kind of icky.

Americans don’t realize how good they have it despite all the problems we have (and there are many). Jamie Dimon did a really wonderful speech at The Economic Club talking about how lucky we truly are, even with the issues. Economically speaking, things technically are getting better.

And there are three general responses when you tell people this -

“Wow, I still am struggling to make ends meet, real wages have been stagnant and the cost of living is still sky high”

“I could see that - I still don’t feel quite comfortable but I’ve found work relatively easily despite layoffs in my industry”

“You’re an idiot and a liar and I am perched precariously on a stack of gold bars”

And all of these responses matter.

Video Length: 00:13:19

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