It seems we are not able to talk about the economic effects of this era of capitalism as almost our entire monetary and economic theory seems to be defined by two events and institutions compeltely lack the ability to see anything else

1) The oil crisis of the 70s, inflation of getting off the gold standard 2) The invisible productivity print and GDP of the 90s due to the internet

These two solutions seem to be the only thing our current wonks can imagine as a solve for current crisis that are entirely different and need to be analyzed entirely on their own terms

For example 1) America printed 70% more currency over covid yet somehow did not experience anywhere near the global devaluation it should have (even if we experienced INTERNAL inflation) resulting in an extremely "monaco like" economy where everything is now hyper expensive and economy seems to be 'melting up.' 2) Nations like japan would dont run the world currency are experiencing MASSIVE devaluation while doing the same things, trapping their citizens inside their nation and cutting them off from global trade and weakening their borrowing position

These are net new scenarios the FED refuses to have a new playbook to deal with, and its an impressive illustration of our so called 'experts' complete lack of knowledge of what to do if it wasn't already written down in a book.

AI Slop.

It appears to be a demo page of a news aggregator that uses LLMs to generate insights.

I think the US helped Japan so that they wouldn't start dumping US treasuries to support the yen, making our already bad situation worse. I don't expect it to work as we are sitting down to a banquet of consequences.