flâneur

What I read this week...

chamath.substack.com · 530 words · saved by 1 readers

And what the White House should have said about the economy

Rather than parse words and nitpick definitions, here’s the honest truth I think the White House should have told about the economy this week… This week the BEA released the Q2 GDP print. But dictionary definitions of a recession aside, and regardless of the numbers, the fact is that Americans are facing tough times with higher prices from groceries to gas. That said, I believe the underlying numbers, and the steps we are taking to help the economy, actually tell a very different story. First, we must understand how we got here. In 2020, we had a black swan event in Covid-19, and in…

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