Post 325
Update: 2025-07-23
Description
- Prices in the US are rising with eggs leading the way.
- To the extents that tariffs are pushing up prices it should be a one-time hit.
- Unless tariffs rise even further.
- To the extents that tariffs are pushing up prices it should be a one-time hit.
- Core inflation in Japan is steadily rising.
- Inflation in Canada is proving sticky.
- In Financial Ructions:
- We look at longer-term rates which are rising.
- This should lead to higher mortgage costs.
- We look at longer-term rates which are rising.
- In our book review of The Way the World Works.
- JW introduces the Laffer Curve where at some point higher tax rates lead to lower tax revenues.
- And how money blinds people with respect to how an economy truly functions.
- JW introduces the Laffer Curve where at some point higher tax rates lead to lower tax revenues.
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