Thursday, June 1, 2017
WSJ RTE - a sign wage acceleration might be returning. By the way: does wage acceleration due to workers finding better, higher-paid jobs count as inflation? Or is it instead productivity growth? It should actually count as productivity growth, in which case monetary policy combating such wage inflation is the exact fucking reason the economy's in stagnation and we've created a permanent underclass.
FT Alphaville - Brainard turns cautious. There's no reason to raise rates at all right now, except so that in the future we can lower them.
Mark Thoma - the working class' role in Trump's election. Seems the Trump swing has nothing to do with whether you work in a manufacturing county or whether manufacturing jobs were lost in your county. It only depends on how white your county is.
Branko Milanovic - everyone's talking about the decline in western liberal capitalism. Actually, everybody isn't. It's mostly the liberal elite intellectual pseudocommies, who use "liberal" as a swear-word, and who are jealous that the right wing have taken over populism. Sorry guys, but left elitists like Henry Giroux have no fucking clue how to talk to a steelworker, I've seen his attempts and they're pathetic.
McSweeneys - instead of checking social media, I eat a bag of nails. On an experiment whereby the author eats a bag of nails instead of checking social media. Of course, you could just ignore social media from now on.