Not all inflation is created equal:
Areas with the most government regulation have seen the highest inflation. (Source: Mark Perry via X)
It’s absurd, really, for any politician to be talking about “affordability.”
The data is clear. If higher prices are your goal, let the government “fix” them.
Mandates, paperwork, and busybodies telling you what you can and can’t do – it’s not a surprise why costs add up.
In contrast, if you want lower prices, do nothing– zilch. Let the market work.
Side effect: It’s hard not to notice. The quality of TVs, software and smartphones improve while prices are dropping.
In sharp contrast? Healthcare, education and housing – three items on the tip of Hakeem Jeffries tongue – all get worse while prices become unreachable for the folks who depend on them.
~ Addison
P.S. Last week, in Grey Swan Live! with Dan Denning, Bonner Private Research we covered a litany of structural challenges facing the economy and markets in 2026, including the end of Quantitative Tightening (QT), the unraveling of the Yen Carry Trade and a stubborn flattening of the M2 “cash curve.”
For structural reasons, inflation is already sticky. Throw in some less-than-honest posturing from politicians… 2026 is going to be a party!
Catch Dan Denning, Andrew and me right here.
If you have requests for new guests you’d like to see join us for Grey Swan Live!, or have any questions for our guests, send them here.
