Macro/Econ

Re-Framing the Next Downturn

It feels like people have been worried about the next recession every day since the last one was over. I get it. Recessions aren’t fun. But you can’t constantly remain in the fetal position simply because you know the economy and markets eventually have a downside. Here’s a piece I wrote for Fortune to provide…

Why Do We Need Inflation?

A reader asks: Why do we need inflation? This is a good question because wouldn’t we all be better off if prices were to fall? It’s not always that easy.