Lee Coppock

milei putting up some extraordinary numbers: argentina's inflation went from nearly 300% to below 40%. gdp up 4.4%.

@PrestonBrashers You are probably right about that. But your initial point is silly when you do not account for inflation.

@leecoppock Yes. And you can expect it to be a persistent and growing problem because spending and debt is out of control.

We just surpassed $39 trillion in debt. 1776-2019: $23 trillion in debt accrued 2020-March 2026: $16 trillion in debt added

Paul Ehrlich wrote that “hundreds of millions of people are going to starve to death” during the 1970s. The actual number of people who died in famines that decade: <4 million. It was <2M in the 1980s, and <1M in the 2000s. The average person today has more food than ever.

Hahaha “premature.”

Wrong. His predictions proved wrong. They were not premature. They were wrong. His understanding of the world was wrong. Faulty. Unrealistic. False. Falsified.

Great visualization. I have not confirmed the accuracy but this passes the sniff test.

@byHeatherLong This may seem picky but it leads to confusion regarding the causes of inflation, which is the growth rate of the overall price level.

@byHeatherLong @byHeatherLong, you always do a nice job keeping up with and posting important macro data. But changes in relative prices are not the same thing as inflation. Inflation is the 2.4 number.

The biggest problem for many Americans is that we have "whack-a-mole" inflation. Just as some items get back to more normal price points, other items start spiking. It's hard to budget and plan when you don't know what's spiking next. Look at the February data. Overall 2.4% inflation isn't bad. But... Restaurants +3.9% Medical care +4.1% Electricity +4.8% Utility gas +10.9% And we all know gas prices spiked since this data was collected. It's hard for moderate-income Americans when food, utilities, gas and medical care are rising quickly.

Today marks 250 years since the publication of The Wealth of Nations. We're celebrating this anniversary by turning The Wealth of Nations into a graphic novel! Here are some preview pages: buff.ly/voAXGbI

In Glasgow, Scottish economist and philosopher Adam Smith publishes a manifesto that he calls “The Wealth of Nations.”

Today is the 250th Birthday of Adam Smith's The Wealth of Nations! I first read this book seven years ago with the Hertog Foundation and it quite literally changed my life. I ended up pursuing a DPhil in History because of it when I had no prior academic aspirations. 🧵(1/)

Great job @PostOpinions, let’s celebrate Adam Smith this year! washingtonpost.com/opinions/2026/…

Further, over the past few decades, a normal month yields about 150K new jobs in the U.S. economy. So we are down about 1.5 million jobs from a normal trend since last April. Oof.

First off, this means that, on net, the U.S. economy has added no jobs since April of last year.

Yikes, this is a rough jobs report. bls.gov/news.release/p…

JUST IN: A dismal February jobs report. The U.S. economy LOST 92,000 jobs in February and the unemployment rate ticked back up to 4.4%. Even healthcare shed 28,000 jobs in February. December was also revised down to -17,000. January was revised to 126k. Unemployment rate: 4.4% —> highest since December (and one of the higher rates in past few years) Wage growth: 3.8% (well above 2.4% inflation)

As a percentage of the population, kids (0-14), are about half of what they used to be.