Hi Thomas -- your a damned good writer - and I've got a question -- how does "clean electricity" figure into this -- because there is one hell of a lot of money being spent on standard "status-quo" / "acceptable" -- but no electric bills are lowering.
As far as I see, zero. :) If we wanted to make a stretch, maybe a (sudden?) increase in spending on "clean electricity" could be a big enough demand shock (requiring shifts in resources from sector to sector) and so changes in relative prices that can be facilitated by the Fed deciding to inflate a bit more to oil the hinges?
Hey Thomas - thank you so much for writing this. I read it and it's very useful ! thank you
Hi Thomas -- your a damned good writer - and I've got a question -- how does "clean electricity" figure into this -- because there is one hell of a lot of money being spent on standard "status-quo" / "acceptable" -- but no electric bills are lowering.
As far as I see, zero. :) If we wanted to make a stretch, maybe a (sudden?) increase in spending on "clean electricity" could be a big enough demand shock (requiring shifts in resources from sector to sector) and so changes in relative prices that can be facilitated by the Fed deciding to inflate a bit more to oil the hinges?
policy decisions are made real time, right ? it is easy for us to play Monday morning quarterback ... but I agree with you on most points
As I said in Jackson Hole Questions, I want the Fed to do Monday Morning Quarterbacking on itself. :)
loved the response Thomas !!