Just a little (link) love: Butter the best cat edition
May 2, 2019
I haven’t ever written it out but I use these very steps for conflict resolution and customer service resolution!
Tanja’s childhood experience with MLMs. I had to sit with this one for a while.
Rich and Regular: Fathers on FI. I like what I see in the changing norms around fatherhood so far as the FI group is concerned, I hope that’s something that ripples out to non-FI and non-PF people.
Did you know that adoptees in the US aren’t legally entitled to their own birth certificates? One adoptee’s story.
We love pan roasted brussels sprouts already but I think we need to try this version of brussels sprouts with sausagebrussels sprouts with sausage.
Are recessions really necessary? (Nicole&Maggie, your thoughts?): “In November 1990, the Australian treasurer (and later prime minister) Paul Keating described a painful downturn then underway as “the recession we had to have.”
His point was that excesses in a lending and credit boom, combined with high inflation, meant that the Australian economy needed the wrenching experience of a downturn to rid itself of those excesses. It was also a horrible political gaffe, a comment that went over poorly in a country then burdened with an 11 percent unemployment rate.
But the question of whether he was right is profound — one that economists can still debate.”
(IIRC from undergraduate macro… which was a long time ago…) The main reason we have a Fed is so that we don’t get major recessions. We don’t have to have recessions if we also don’t have major overheated markets. If we have bubbles, then they also have to pop. If we can keep a containment on bubbles, then we can have smoother business cycles. Ideally we would have business cycles with short amplitudes and a positive slope over the long-run. Unfortunately the Fed can only do so much and there hasn’t been a lot of appetite among politicians given Citizens United for regulation and the kind of policy that keeps bubbles from getting overinflated.
If my macro teacher or textbook explained it this simply, I might have gotten the gist a lot sooner.