Kyla Scanlon

He understands what the markets want, which I think is sort of what a good element of monetary policy to a certain extent.

Oh, yeah.

I'm everywhere at KylaScan.

I have a newsletter, kyla.substack.com.

And yeah, the website is kyla.scanlon.com.

Yeah.

Oh, the book.

You got to pick one of these up.

The secret corner.

Yes, In This Economy, How Money and Markets Really Work.

It'll be updated soon-ish as well with a new bonus chapter.

Okay.

Thank you.

Thank you.

Yes.

I think it's an interesting question and it actually becomes an American dream question.

So there's something called aspirational displacement where people who can't afford to buy a house, which is that traditional path of the American dream, they start buying experiences, they start spending on their pets because they have additional income, but they can't, you know, make a huge purchase like a house.

And so it's an interesting thing that we're seeing in the economy and

And on the previous episode, I talked about Bommel's cost disease and how goods were getting cheaper and cheaper because we've gotten better and better at producing them.

Services have taken a longer time to get cheaper because it's much harder to make services more productive.