I enjoyed the overview. Got me thinking that one of the reasons the 1930s and 40s are different from the 2010s and 2020s is that the 1930s were far more destructive. The Fed saved us from 25% unemployment and 50% deflation so as a result the investments during the pandemic are going to take longer to boost productivity.
Congratulations on two years Matt, and here's to what's more to come!
Love this substack. Would also love if Matt listed some books he was reading just to help with my education.
I enjoyed the overview. Got me thinking that one of the reasons the 1930s and 40s are different from the 2010s and 2020s is that the 1930s were far more destructive. The Fed saved us from 25% unemployment and 50% deflation so as a result the investments during the pandemic are going to take longer to boost productivity.