After three years of above-target inflation, core PCE (Personal Consumption Expenditures)—the Fed’s preferred inflation metric—slowed to 2.6 percent last quarter, prompting the Fed to cut rates last week for the first time since March 2020. This move is likely the first in a cutting cycle, designed to return rates to their long-run neutral.
Sounds great. But first things first. We have to win elections. To win elections we must stop the brainwashing. To stop the brainwashing we need to take away the resources of the brainwashers. Other modern democracies have figured out how to do this. Time for improvements to an early prototype democratic constitution as well as a rebuilding of the tax structure to prevent accumulation of wealth that has proven toxic to our democracy.
Sounds great. But first things first. We have to win elections. To win elections we must stop the brainwashing. To stop the brainwashing we need to take away the resources of the brainwashers. Other modern democracies have figured out how to do this. Time for improvements to an early prototype democratic constitution as well as a rebuilding of the tax structure to prevent accumulation of wealth that has proven toxic to our democracy.