Peter. I’m almost sure you’re speaking colloquially, but rising prices due to ma

Peter.
I’m almost sure you’re speaking colloquially, but rising prices due to market factors isn’t inflation. Monetary and Credit expansion is the reason for inflation.

Everything else in your video is close to correct other than we are currently financing (bearing the costs) of reformation due to unregulated immigration, dilution of the education system (by women?), export of labor, production, and knowledge, over dependence upon the dollar, finance, and R&D.

I mean, I love you Peter, and I’m a long term follower and advocate. But just as your international predictive power has been off because you underestimate political power in an age of immediate information, you’re underestimating domestic cultural and political power for the same reason – in an era, of asymmetry of returns in the population caused by the over dependence on what you seem to value.

And your multiplier so to speak is failure to account for the returns on cultural and normative capital (informal institutions) – something everyone from Hayek to myself has been trying to force into the debate for decades.

People will vote for the economy (income statement). But they will suffer and if necessary kill for normative capital (balance sheets).

Cheers
Curt Doolittle
NLI, Runcible