Matthew Yglesias

@mattyglesias ↗

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Last Checked Feb. 15, 2023

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Wed Nov 23 12:18:24 +0000 2022

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Matthew Yglesias @mattyglesias

Money Today is better than money in the future. But how much better? That’s a function of risk-free interest rates which have been rising very fast thanks to Jay Powell — the higher this interest rate goes, the more people prefer Money Today. https://t.co/VSUCWznryw https://t.co/gQwwmWEFAL — PolitiTweet.org

Posted Nov. 23, 2022 Hibernated

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Matthew Yglesias @mattyglesias

The Fed’s actions have a mechanical effect on things like how much you can pay for a house and still afford the monthly payments, but they also warp time in way that is roiling the whole economy and especially the tech sector. https://t.co/VSUCWznryw — PolitiTweet.org

Posted Nov. 23, 2022 Hibernated

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Matthew Yglesias @mattyglesias

With greater value on Money Now a bunch of things change: — Less investment in longshot speculation (crypto) — It’s more costly to waste money (layoffs at profitable tech companies) — Costly long-term plays (Disney+) look worse https://t.co/VSUCWznryw — PolitiTweet.org

Posted Nov. 23, 2022 Hibernated