Another Japanese datapoint confirming the recent disinflationary trend and not a surprise for regular readers. Happy to give @SecScottBessent a free sub since it seems he needs a little help keeping up on what's actually going on there.
bobeunlimited.substack.com/p/easy-money-h…
I often write about how it’s impossible to make accurate predictions beyond a week or two out because of the nature of complex systems like weather and financial markets. Here’s a great piece from Bob Seawright on the topic of bad predictions and the impossibility of accurate…
Price gouging is a political concept, not an economic concept. In a free market, prices that are truly too high for market conditions are unsustainable.
Anti price gouging laws actually harm the ability for goods and services to be allocated efficiently.
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Tragedy should be utilized as a source of strength. No matter what sort of difficulties, how painful experience is, if we lose our hope, that's our real disaster.
25/ With a full line-of-sight into how people are transacting, the ability to control them is virtually without limit. The logical end state of this all-too-real thought experiment is central bank digital currencies. Good luck making private political donations after that. <fin>
Amidst Europe's complicated relationship with nuclear power, China seems to be much more resolute on the topic.
Over the next 15 years, China is planning to build more nuclear power plants than the rest of the world (!) has built in the past 35 years.
Imagine if we send this ratio back down to 4x or less, and actually put technical people back to building better goods and services rather than moving money around.
We'd need a more robust financial system to do this, though. Much pain, much transformation.
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