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Good inflation

Good inflation
Jun 05,2021 - Last updated at Jun 05,2021
PRINCETON In response to recent concerns about resurgent inflation, US policymakers deny that there is any threat and insist that expectations are “well anchored”. Any recent price spikes, they argue, will prove temporary, arising from one-off shortages that will be resolved when life returns to normal after the pandemic. Nonetheless, market participants and investors are increasingly obsessed with the issue and pundits are rancorously divided, with some denouncing those with whom they disagree as “cockroaches”.
Such rhetoric suggests a need to step back and think about what is meant by inflation and its opposite, deflation. Not all inflations or deflations are alike. Price declines (deflation) driven by technical improvements can be good, as in the case of electrical motors or chemical dyes in the late nineteenth century, or of computers (and many other electronic consumer goods) over the past 50 years ....

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Wildfires Rage In Arizona; Southwestern US Faces Megadrought

by Tyler Durden
Monday, May 10, 2021 - 08:30 PM
The US Department of Agriculture (USDA) has warned against a megadrought approaching dangerous levels in the southwestern US. Wildfire conditions have been ripe across the region as Red Flag Warnings have been sprouting up from California to Texas.
Arid conditions in Arizona appear to have sparked a duo of wildfires burning in the state, forcing thousands of folks to flee as firefighters struggle to contain the blazes.
One of the fires rages just south of Prescott National Forest, located in north-central Arizona. Mandatory evacuations orders forced thousands from their homes in Minnehaha, Fort Misery, and Horsethief Basin, while Crown King was placed on alert Sunday. The fire has been dubbed the Tussock Fire. ....

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Fighting climate change with Great Depression-style organizing

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Fighting climate change with Great Depression-style organizing
December 18, 2020
11:37 AM CDT
By Manuel Pastor And J. Mijin Cha
Time is running out to fight climate change, but there are valuable lessons on strategy and tactics that can be learned from the New Deal coalition. | Preston Keres / USDA
You may not know it, but Democrats and Republicans share a growing concern about the climate and environment. With extreme weather events becoming more common, many young Republicans now question their allegiance to a party that denies the reality of climate change. After the destructive environmental policies of the Trump administration, there are high hopes among many Americans that progress will be possible under a new administration ev ....

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