Suspend reality for a few minutes and imagine a world in which the US has a functional legislature. Then, if you’re interested in understanding the evolution of Fed authority and breadth of reach, give this a listen.

Apple Podcasts

Andrew Levin and Christina Parajon Skinner on *Central Bank Undersight: Assessing the Fed

Podcast Episode · Macro Musings with David Beckworth · 03/25/2024 · 55m

Wisdom. View quoted note →

Happy to be buying under $70k…what a difference a month makes!

Spring is here - the demand for tulips is strong!

We finally have a first - a country blaming "crypto" for its currency's collapse. I'm sure governance had nothing to do with it.... https://www.wsj.com/finance/currencies/crypto-gets-blamed-for-a-real-life-currency-crisis-e3e3b343?mod=hp_lead_pos4

The two top concerns for US consumers are inflation and the political environment. The failure of the US political class on full display, these are not typically "developed country" concerns.

Among life's little pleasures....when you first slip on new workout shoes after six months of beating on your old ones.

Is precariousness the dominant feeling in the world today? I intensely dislike the feeling of imminent “shoe drops” that seem to characterize lives today. Maybe subconsciously this is what draws me to Bitcoin. Pick your metaphor - port in a storm, shoulder to lean on. No matter the price, I know that next block will print 10 minutes from now. I know how many Bitcoin how many will result from that block. I know it can’t be changed on a whim. I entered this space thanks to a fascination with the technology. And I admit it - the price volatility. But it opens your eyes to so much more. Bitcoin - the perfect weapon to defend yourself against the precariousness of modern life.

The vulgarity of US domestic air travel never disappoints…