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What I'm Reading Today
I think this article in The Atlantic provides some great information about the reality of dealing with higher grocery prices. I know I've found myself feeling like my grandparents when they used to say, "Movies cost 10 cents back in my day!" The article talks about the new normal when it comes to prices, and I think that's something all Americans are still struggling to get used to.
What I'm Reading 12.18.23
I think this article in The Atlantic provides some great insight into the realities of the attention economy. It talks about how information is siloed and how it's becoming increasingly harder to understand what shared experience everyone is having online. It's a point Kelly and I made in our "Media Literacy" podcast, that no two people are experiencing the same information loop.
What I'm Reading 12.11.23
I think this article in The Atlantic provides some great insight into the current state of the economy. It talks about the aggressive interest rate hikes of the Federal Reserve and how they seem to have worked. The article also advocates for "higher, longer" rates because they could decrease wealth inequality and ultimately provide a better economy for average Americans.
What I'm Reading 12.8.23
I think this article in The Atlantic makes an excellent point about the state of politics in the United States right now. 74 million Americans voted for Trump in 2020, which represents 47% of the electorate. That's a reality that we have to reconcile with. A significant portion of Americans want a con man to lead them. They want a bloviating wannabe dictator. Media needs to spend more time talking about why.
What I'm Reading 11.29.23
I think this article has some interesting information about the state of the economy, but I also feel like it demonstrates how little the average American understands about how the economy works. Reading through the Comment section makes me want to pull my hair out. I don't understand why people are so dumb. Fiscal policy takes time to move through the economy, and rarely is it the case that what's happening is because of actions taken by the president in charge. Yet, we're in this age of blaming Biden for cleaning up Trump's mess. America is always in a state of blaming the Democratic party for cleaning up the mess left by the Republican party, and it boggles my mind that we're not smart enough to all know that.
What I'm Reading 11.26.23
I think this article has some great insight into the problems with the housing market and why Americans shouldn't expect anything to change anytime soon. The bottom line is that we're in a severe supply crunch and interest rates being high hurts developers and builders just as much as prospective buyers. We need fiscal policy to subsidize homebuilding, and we need to get rid of NIMBY laws at the local level that make it harder to build. We also need to vote and elect leaders who will take this crisis seriously. As a 40 year old elder millennial, I'm resigned to not owning my first home for a long time, but hopefully my children will have it better.
What I'm Reading 11.23.23
I think this article has some great insight into why Americans aren't feeling positive about Bidenomics and the state of the economy. I especially agree with the author's fifth point about how people are still feeling the pain of losing the pandemic supports like increased unemployment benefits and the increased child tax credit.Â
We received a lot of extra money during 2020 and 2021 and the government showed what it was capable of when it comes to making the lives of average citizens better. But then it was rug pulled out from underneath us and 2022 brought a return to the status quo along with inflation. Then, corporations turned the screws further and went full greedy, mustache twirling villains by raising prices beyond levels they needed to be raised to.