Listen to Bob Barker, Not Jay Powell, On Inflation
June 29, 2022 at 05:00 AM EDT
Just when I thought 2022 couldn’t get any stranger, my inflation research led me to a bold but inescapable conclusion. We’re living a financial prophecy foretold by the gameshow The Price is Right. Cliff Hangers , to be specific, teaches the 2022 monetary scene perfectly. The contest features a climber moving from left to right along an upward-sloping mountain, with a scale of 0 to 25. The contestant bids on a few household items, and the climber moves by the number of dollars the guess misses by. A perfect bid and the climber will stay put. Off by $10, and the climber will move up 10.… Read more
