|
This episode of W.I.T. from John has me thinking about whether the M2 money supply affects inflation more than interest rates.
|
|
|
|
We've been programmed to think that interest rates are the main lever that controls inflation, but another viewpoint suggests that the M2 money supply has far more impact. (Check out the article referenced in the video.) That's what I'm thinking this week.
|
|
Three Things Worth Sharing
When I talk to parents about how the cost of college is significant but doesn’t start at zero, I usually cite USDA estimates of the cost of raising a child from age 0 – 17…but we don’t often reflect on the total cost of raising a child. I recently came across a PDF of a 2015 USDA report that estimated that it costs almost a quarter of a million dollars to raise a child in the U.S. With inflation being what is has been as of late, I wouldn’t be surprised if that figure is nearing $300,000 today.
With baseball playoff hunt starting for real in the coming weeks, you should think about queueing up the movie A League of Their Own on the next rainy weekend. The movie turned 25 this summer as I found out in this great article.
I had forgotten how many stars were in the movie – which in addition to being directed by Penny Marshall included Geena Davis, Rosie O’Donnell, Madonna and Tom Hanks (before he was Tom Hanks). It’s a baseball classic - or perhaps THE baseball classic?
Speaking of sports and classics, check out this interesting historical tidbit:
- 8-29-2001: Albert Pujols hits a home run & Serena Williams wins at the US Open.
- 8-29-2022: Albert Pujols hits a home run & Serena Williams wins at the US Open.
By the way, as of that home run a week ago Pujols needs just six more home runs to become the fourth player in MLB history to reach 700.
|
|
|
|
