BRIEFLY NOTED: For 2022-02-14 Mo: Why, This Is COVID. Nor Are We Over It: Heartbreaking: National dysfunction relative to what we wish were our peer societies on an absolutely amazing level—and all because some people want to sell ads, and others think there is political advantage to be gained by further misleading their base of the easily-grifted. California looks, luckily, to be about two-thirds of the way from the U.S. average to Canada (although, needless to say, nowhere near the effectiveness of Australia or Japan): actually wearing masks, trying to stay six-feet apart inside, and not being dorks about places with low ventilation is worth a lot. The most heartbreaking thing is how weak, among the easily-grifted, the “I should get vaccinated and boosted to keep from giving it to my elderly and immunocompromised neighbors” thread is. True psychopathy....
Inflation is a rite of generational passage. It is a descendant of the Old Testament jubilee in which old debts are forgiven and old contracts expire. The inflation of the 1970s eliminated the debts of the Roaring 20s generation and made space for the Baby Boom. Our current round of inflation, which is likely to be quashed too soon, should make room for the children of the Baby Boomers.
This was common discourse in the 1970s. People with savings in money and financial instruments dreaded inflation. People who owned tangible assets were less worried. People who owned little but worked for a living and hoped, someday, to own things would gripe but realized that inflation could work to their benefit at least until the financial class cracked down.
Inflation is a rite of generational passage. It is a descendant of the Old Testament jubilee in which old debts are forgiven and old contracts expire. The inflation of the 1970s eliminated the debts of the Roaring 20s generation and made space for the Baby Boom. Our current round of inflation, which is likely to be quashed too soon, should make room for the children of the Baby Boomers.
This was common discourse in the 1970s. People with savings in money and financial instruments dreaded inflation. People who owned tangible assets were less worried. People who owned little but worked for a living and hoped, someday, to own things would gripe but realized that inflation could work to their benefit at least until the financial class cracked down.