Feels Like a Depression, Eh?

A reader brought the question to us (“Why does it feel like a Depression?“) driven by seeing how many under 50s still live with their parents, for example.

It’s a dandy question – which takes us on a 4-thousand word jaunt from Al Capone’s soup kitchen in Chicago to the parallels between hoboes and illegal immigrants.

You’ll also want to see the mechanics of how “financial friction” can help to hide inflation – which your tour guide will point out along the way.

After the Producer Prices data and the ChartPack, of course.

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