Inflation truthers are wrong — what’s true is that relative price shifts (not inflation!) have gone in a direction that’s bad for society, making entertainment cheaper but child-rearing much more costly.

https://www.slowboring.com/p/inflation-contrarians

The solution is to tackle this problem on the “real” side:

— Some unnecessary regulations have pushed costs up
— But fundamentally its a Baumol Cost Disease thing and parents need money https://www.slowboring.com/p/inflation-contrarians

The leading contender for how to do this right now is to take a tax credit infrastructure born as a political response to the once-ascendant right and try to make it actually good.

https://www.slowboring.com/p/inflation-contrarians

An even better idea for today’s political era is to ditch the tax credit apparatus and do cash assistance as an explicit spending program so every parent gets theirs Biden Bucks and knows it.

https://www.slowboring.com/p/inflation-contrarians