Everything has trade offs. Diluting the dollar increases prices for nothing in return. Pretty much all downside for everybody but the top. Tariffs increase prices to the benefit of domestic producers and benefits everybody.
What we will see is if prices are more important than building skills and wealth of our fellow citizens.
This is not a definition I have seen used by academic or working economists. If the purchasing power of $1 decreases, we can say there has been inflation. Even if the money supply is constant, if shirts used to cost $10 but now cost they cost $100 due to increased demand, a supply shock, a union strike, a tax, or a speculative shirt buying bubble, it would be considered inflation in all of those cases, regardless of the cause.
It sounds like you mean monetary inflation, but the fed’s mandate is not to control monetary inflation (which would be a lot simpler) but to ensure stable prices. The mandate has no exception for non-monetary causes of price instability.
Of course measuring how much a dollar can purchases is an enormously complex and subtle task that can be approached in many different ways. But the whole argument for tariffs is that foreign producers of goods are selling them so cheaply that American producers cannot compete. So if we increase the price of those foreign goods by adding a tax on it and shift some good consumption to more expensive American producers, that’s obviously going to reduce what a dollar can purchase.
> Yet in 2024, a near-majority of voters chose a president who would not only not improve medical access, but would adopt a policy to drop coverage for at least 10 million Americans who are currently insured. His other policies include neglecting infrastructure (with the exception of ICE detention facilities), and rescinding unspent funds from the Biden infrastructure bill. FEMA has been cut, and the president has imposed the highest tariffs since the Smoot-Hawley Act almost a century ago.
> What explains this behavioral disconnect on the part of voters?
I think there's only a disconnect because of the author's flawed theory of how the world works. It would be like an article wondering: "Why did Americans elect Barak Obama, a White Sox fan, when only a small minority of Americans are White Sox fans?" It's because people don't pick the president based on which baseball team they like. The author has lined up polling data on a long list of public policies, but doesn't present any evidence that these are deciding issues for voters.
Psychologists and social scientists have been explaining for decades that the model of voters casting their votes based on public policy positions is not an accurate reflection of reality. Instead, the modal voter aligns with a politician or party usually based upon what is socially expedient for that individual (i.e. what will help me be liked by my friends and family, which is why age and zip code alone get you most of the way to predicting someone's vote). Many voters don't have opinions on individual public policies, but to the extent they do, they usually adopt the policy choices of their chosen party. It's why you can pretty accurately predict someone's opinion on immigration based on their opinion on gender ideology or some other unrelated position.
Seems like only pure software businesses (which are extremely capital light and often come with network or lock in effects) can justify the really crazy valuations.
When I read things like this it really sounds like there is some reality distortion field in the mac world. How is that anywhere special? I'm running a thinkpad X1 as my 2 main laptops (it was my only work machine until 2 years ago) and I never felt the need to replace it. It gave me 8-10h battery life and the only issue I ever had was that 1.5 years ago the battery was reaching end of life and capacity started dropping very fast.
That was just a 70$ repair I could easily do myself.
My youngest daughter just inherited my mother's x220 (?) (she has been running Linux) that I got for my mother in 2011 or 2012. That never received any work and still works fine except that I didn't change the battery so you have to run it of ac power.
My older daughter and my mother both just got some used thinkpads that are >3years old and don't have any issues either.
So from my experience a 5 year lifetime for a macbook is really nothing special and definitely not "crazy good".
My wife’s MacBook Air is 12 years old and my wife doesn’t want a new one (though it would drive me crazy). No issues yet, though obviously battery is not what it once was.
Anyway, I think MacBooks last much longer than 5 years if you can control your new hardware envy.
Yeah, you're right that Google probably didn't look at a list of open web technologies that they disagree with and choose one for their new tool. I guess I'll call that "malicious intention".
I'm sure that, however the name was picked, Google's lawyers looked for prior uses of the name. I'm sure it came up, and Google shrugged its shoulders in indifference. Maybe someone brought up the fact this would hurt some open standard or whatever, but nobody in power cared. Is this the same kind of malicious? Probably not, but it still shows that Google doesn't care about the open web and the collateral damage they cause.