Instapundit » Blog Archive » MILTON FRIEDMAN LOOKS DOWN AND SAYS “I FUCKING TOLD YOU SO, YOU MORONS.” https://twitter.com/jame

September 3, 2024

MILTON FRIEDMAN LOOKS DOWN AND SAYS “I FUCKING TOLD YOU SO, YOU MORONS.”

The market is reacting negatively this morning to extremely poor ISM manufacturing data.

The TL;DR:
Demand fell, inventories rose (due to unsold stock), and prices *rose* (due to labor and shipping costs). This is the definition of stagflation.

The Fed’s worst nightmare. pic.twitter.com/b5uQzk8qlT

— James Lavish (@jameslavish) September 3, 2024

Flashback: Why Team Biden might be purposefully grinding down the middle class.

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