A little over a week ago, I did a post called Liquid Assets which was an attempt on my part to create a metaphor for what is happening with the trillions of dollars of new “money” being conjured up by Jerome Powell and dumped (virtually exclusively) on the rich.
I do not have an economics background, but I think about economic and social matters constantly. If you saw me sitting in the car at a red light, I’d be staring off into space, almost certainly thinking about these topics. Sometimes I think I’m too dim to grasp the subject matter, and other times I think that it’s just so complex, that it’s just damned hard to reason one’s way through it. Whatever the reality, I can’t leave it alone.
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