Conned Again

Why Americans Canโ€™t Accept the Good Economic News. Theyโ€™re better off but not feeling itโ€”which could be a really big political problem.

Again with this clown shit. This fucking idiot does not understand that when real income is falling, Americans aren’t going to feel like they are doing better — because they are not.

Or, see here: Inflation was so bad last year that real household income tumbled the most in 12 years, causing families severe economic pain. (Surowiecki also uses a very-obviously deliberately-obfuscatory time period of 2018-2021, when stimulus was occurring, to conceal this fact.)

I wish I could get paid to write utter dipshit stuff like this. What a dream gig.

Exclusions

We won, we did it! If you exclude the cost of food, energy, shelter, and used cars.

I’m glad people in general are making fun of Krugman for this ridiculous BS. The economist logic of, “If you exclude all that people need to live, we’ve conquered inflation” is just freakin’ inexplicable.

I wonder about that though. Does Krugman (and all the other econs — emphasis on “con” — who espouse that) know they are lying? Or do they really believe? I think some of them do know it’s all flimflam but I think a lot of them are deeply convinced of what they are spouting; against all right and reason, they truly do think that they are providing useful information free of bias.

And that is in many ways even scarier than if they were just deceiving us. You can convince a dishonest person to drop the deceit with the right incentives. But with a true believer there is no hope.

Whoppity

Housing, healthcare, schooling, have all greatly greatly greatly outpaced inflation.

Yep. Economists can deny it all they want, but I also used to buy Whoppers in 1999 for $0.99. Did that routinely. They were indeed also larger and higher-quality then as compared to now (fuck your fucking crack-ass hedonic adjustments bullshit, it’s all lies). A Whopper that cost $0.99 in 1999 should cost $1.81 now.

Instead, it costs $4.19. Check for yo’ damn self.

The Rent Went

My husband and I have decided to bite the bullet, and move our family of 4 in with my parents in May when our renting lease is up.

But Noah Smith swears up and down all is good, rent is fine as it is — when anyone with a fucking clue knows that rent is absurdly high and unbearable for many families and is only getting worse.

When I first started looking at rental prices in the late 1990s, a person working an ok job could get a two-bedroom apartment in most cities (outside of NYC and SF) and be fine. Now that is true nowhere in the entire country. Don’t tell me apartments have just gotten so huuuuuuge (hedonic adjustments) and have so many extra features that they are so much better that they should cost 3x as much in real dollars than they did 25 years ago.

Because that’s a fuckin’ lie and we all know it.

Anyway, it’s not like you can travel back in time and rent those supposed “worse” apartment for the 1998 price. Why do economists think so damn poorly?

DFT

I will spare you the details, but years ago a friend and I considered starting a company that engaged in, shall we say, less than savory sales techniques and approaches.

These days what we were planning to do back then seems tame, anodyne and not all fraudulent since the economy itself has largely moved into full-on scam territory. Now absolutely horrible rackets and ripoffs are the accepted way to do things and people cannot even imagine anything else — so much so that what we had planned to do seems positively beneficent in comparison.

This is a shift that has occurred over 25 years or so. Hard to believe when you think about it and how quickly people accept the “inevitable” that was very different not all that far in the past.

Todd

Usually when I revisit short stories, I am disappointed. Not sure why. And Stephen King often is rightly criticized for clunky writing. But some of his stuff is truly great, like this passage from “Mrs. Todd’s Shortcut:”

“I stood at the door. It was twilight in that deep part of summer when the fields fill with perfume and Queen Anneโ€™s Lace. A full moon was beating a silver track across the lake. He went across my porch and down the steps. A car was standing on the soft shoulder of the road, its engine idling heavy, the way the old ones do that still run full bore straight ahead and damn the torpedoes. Now that I think of it, that car looked like a torpedo. It looked beat up some, but as if it could go the ton without breathin hard. He stopped at the foot of my steps and picked something up-it was his gas can, the big one that holds ten gallons. He went down my walk to the passenger side of the car. She leaned over and opened the door. The inside light came on and just for a moment I saw her, long red hair around her face, her forehead shining like a lamp. Shining like the moon. He got in and she drove away. I stood out on my porch and watched the taillights of her little go-devil twinkling red in the dark … getting smaller and smaller. They were like embers, then they were like flickerflies, and then they were gone.”

Damn that’s nice. And even better if you read the entire story and are enmeshed in the allusive particulars that precede that passage. Glad I read that tale again for the first time since maybe 1988. I was not disappointed; quite the opposite.

Write Up

Was just thinking about Tanta — Doris Dungey — today.

She’s one of my favorite writers of all time. When I’m creating documentation for my team I often think, “How would Tanta write this?” There honestly aren’t many writers better than me but she was one. I will always strive to make my work as clear, as hard-hitting and as assured as she did.

I really miss her and wish I’d been able to read more of her words and to see more of the inside of her blisteringly insightful mind. It’s weird missing someone you’ve never even met, yeah? But I do. I can’t believe she’s been dead for 15 years.