Easter Eggs (17 of 21): Asset Inflation

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Preface to all 21 parts: This is a special holiday weekend, because not only does it contain Good Friday and Easter, but it also begins the Slope of Hope's 20th year in continuous operation! Through the weekend, I will be sharing some of my favorite posts from the past, plucked from among the literally 30,000 posts I've created over the years. Here is one of them:

A bicycle ride gave me some clarity, and I wanted to share those thoughts with you now. And the clarity wasn’t a total accident. I was going to run an errand on my bike, and I told myself as I got on, “I’m going to think about asset inflation on this ride.” In this absurdly controlled market, one has to strive to create decent content, so I decided to put my mind to work.

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Easter Eggs (16 of 21): Mark to Market

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Preface to all 21 parts: This is a special holiday weekend, because not only does it contain Good Friday and Easter, but it also begins the Slope of Hope's 20th year in continuous operation! Through the weekend, I will be sharing some of my favorite posts from the past, plucked from among the literally 30,000 posts I've created over the years. Here is one of them:

I penned a recent post describing how the good people at Zillow had slashed the ostensible value of my lovely private residence from $8.4 million to $4.8 million (maybe they just like flipping digits?) Given the relatively smooth sailing of Zillow data, this was curious to me, until I stumbled upon an event that might have jostled their statistics: the sale of the home of my next door neighbor:

satellite
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Easter Eggs (15 of 21): Modern Money

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Preface to all 21 parts: This is a special holiday weekend, because not only does it contain Good Friday and Easter, but it also begins the Slope of Hope's 20th year in continuous operation! Through the weekend, I will be sharing some of my favorite posts from the past, plucked from among the literally 30,000 posts I've created over the years. Here is one of them:

In the book Modern Money Theory by L. Randall Wray, the author declares of MMT (that is, Modern Monetary Theory) that it will go through three phases of public opinion.

First, it will be ridiculed. Second, it will be violently opposed. Third, and finally, it will be accepted as self-evident. I’m not sure if it will play out that way, but I’m here for offer an essay which is probably straddling the first and second phases.

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Easter Eggs (8 of 21): Good Boy

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Preface to all 21 parts: This is a special holiday weekend, because not only does it contain Good Friday and Easter, but it also begins the Slope of Hope's 20th year in continuous operation! Through the weekend, I will be sharing some of my favorite posts from the past, plucked from among the literally 30,000 posts I've created over the years. Here is one of them:

I’ve made no secret of my fondness for dogs. I grew up with them, and ever since I moved away from my parents as a young person, I’ve had at least one dog (and, more commonly, three) in my life. I’ve written about my experiences with dogs here from time to time on Slope, and the picture on the right is me on Saturday getting to hold a three-month-old Bernese a friend recently brought into his own family.

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Easter Eggs (7 of 21): Crash

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Preface to all 21 parts: This is a special holiday weekend, because not only does it contain Good Friday and Easter, but it also begins the Slope of Hope's 20th year in continuous operation! Through the weekend, I will be sharing some of my favorite posts from the past, plucked from among the literally 30,000 posts I've created over the years. Here is one of them:

I had an interesting little experience the other day which reminded me of a post I wrote a decade ago.

Here in my beloved home of Palo Alto, we’ve got a shopping center that has been around for decades called Town & Country. I had to run an errand down there, so I had to make a quick decision whether to take the Tesla or just pile all my dogs into my other (not-as-nice) car. The dogs were eager for a drive, so I decided to slum it and take the non-Tesla instead.

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