Ugh, it turns out "top 10% by income IS NOT half of all consumption!" Rather, the top 10% is responsible for closer to 35% of all consumption, which is much less dramatic. Should've realized the number was suspect the moment I noticed it comes from Mark Zandi/Moody Analytics. He made up some suspect statistics on the contribution of the Ukraine war to inflation vs IRA, where he overstated the former and minimized the latter without doing any real analysis other than intuitive guesswork. Going to Bayesian-update Moody's Analytics as baseline non-credible going forward.

I wonder how museums get all their stuff

Individuals can be handled. Groups are a problem.

👻 TRICK: Teachers Unions 🎃 TREAT: Closing the Department of Education

I’ve been laughing for 20 minutes 😂😂

Early retirees like Bill & Shelly will see their health insurance premiums increase nearly 300%—from $442 to $1,700 per month if Congressional Republicans refuse to extend the enhanced tax credits. That's an extra $15K a year families can't afford. cnbc.com/2025/10/17/aca-enha…