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More importantly his analysis describes this inflation as the result of structural changes, not cyclical changes. He describes how the managerial class is overp
by programmarchy 4y ago
More importantly his analysis describes this inflation as the result of structural changes, not cyclical changes. He describes how the managerial class is overpowering the financial class, and what the results are likely to be in the short term (capex boom) and long term (stagflation).
- jkhdigital 4y ago> the managerial class is overpowering the financial class this is a fantastically succinct summary of his principal thesis, well said
- matthewdgreen 4y agoAt this point a 20-year capex boom focused on climate change followed by any level of financial pain sounds a lot better than a “financially well-managed” 20 years where we don’t make those investments.
- programmarchy 4y agoI tend to agree, and if you add to that infrastructure essential to national security like chip manufacturing then sophisticated Republicans can get on board also.