10 Tuesday AM Reads
My Two-for-Tuesday morning
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Biden and the Fed Leave 1970s Inflation Fears Behind After years of dire inflation predictions that failed to pan out, the people who run fiscal and monetary policy in Washington have decided the risk of “overheating” the economy is much lower than the risk of failing to heat it up enough. (New York Times)
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Stop Stressing About Inflation Inflation is periodic, driven by specific events; Deflation is consistent, the background state of the modern economy. Scarcity and abundance act as the drivers of the price of labor and goods. The economists who came of age during earlier eras of inflation fail to discern how the world has changed since. (The Big Picture)
and, of course, before the president left on his trip to japan on thursday, he was also out at arlington cemetery, i believe section 34, where the vice president is now. if i look down the screen, the tomb of the unknown that you see. he s going back into a different area where many members are also interned. former members. one of the challenges as arlington, the cemetery is actually running out of space. among the challenges arlington has is how to continue to serve and honor those veterans who as they see it have a right to the buried there, but they are facing space constraints. more than 400,000 buried there, as i understand it, on the roughly 600-plus acres. admiral, on this memorial day it is always a lot of folks associated with burgers and beer, and for guys like you especially it is about so much more than that.
the fact that don, jr., showed this email where he says i love it, that someone might have information from a foreign source that a foreign person might have information as damaging to his father s political opponent, i don t know for sure if there was anything legal that happen, but there was certainly nothing helpful. this doesn t make don, jr., s life easier. this makes it harder. julie: one last tweet. here s page four which did not post due to space constraints. he ends it with this and this is the last tweet. ed said that the left today would rather see america suffer and fail than to see it succeed with donald trump at the helm. thank you both very much for talking to us. eric: will have a lot more in the donald trump junior emails ahead of the sour, what he says, what they are, and what they could mean.
embarrassing admission and keeping it out of the printed edition. do you think that s true? we have no way of knowing this. they say they ran out of space. they say they had to cut this for space constraints. and i used to work there. i know the stories do get trimmed for space all the time, but i see it in your eyes there. obviously, this is an important admission. to take it out of the story for space concerns raises additional questions about the sensibility of their editors. but if they re willing to admit that they cut something that important out of a story for space, if they re willing to admit to that kind of error, i guess we have to take them at their word. it deserves its own story. i do want to say what we know about obama is that, a, he has often talked about how he doesn t watch cable news. what we also know about obama is that he tends to try to be the cool head in the room when things when emergencies happen and people are getting very emotional on televisio
and get your decision reversed and then if not, they are going to sue because procedure was not followed, not consulted. isn t it a little ironic that, obviously, there are space constraints and tradeoffs and so forth. then when it comes to raising a little bit of revenue by people at the very top of the income distribution, that is also when if we go back to what we were talking about just a few minutes ago, these space constraints wouldn t be so tight. the challenges of special need students and charter schools wouldn t be so strong if a little bit of money were put into the school system and when people at the very top of the income distribution are given a free pass or asked for a free pass, that s a problem. o no, no, no, no, no. it is a problem when we have when we have, as of yesterday, the new forbes issue, the amount of money that is available for this, it s really