Is it out of line to apply #OccamsRazor to the present moment, in America? It could be. But if not, then...
The United States simply ought to have enshrined a process of ranked-choice voting in its Constitution. Ceteris paribus. That would have made its current political landscape much more unlikely.
Part of me believes this criticism of the US deserves priority over almost all other criticisms—even now.
“But life is not all #CETERISPARIBUS. It is dynamic and there are reinforcing loops to deflation and restraining loops to deflation.
One is debt.
If a company has a lot of debt and has an urgent and pressing need to pay off the debt, it will give more discounts (or close down); and if everyone gives more discounts, it will create a vicious cycle.
Until things hit a floor - and then price discovery happens and equilibrium is reached.” https://www.linkedin.com/posts/ethan-tan-aa1180_how-chinas-economic-pain-will-help-powell-activity-7165152669211328512-IvQd?utm_source=share&utm_medium=member_ios
