Postcards: Hemingway Was Right About America (Turns Out He Had Paul Krugman Figured Out, Too)

When in doubt or in debt, just print more money. That's the Keynesian approach to our conditions... war and inflation be damned.

Dear Fellow Expat:

Ernest Hemingway once wrote: "The first panacea for a mismanaged nation is inflation of the currency; the second is war."

Imagine what Key West’s finest author would say about the United States today as it barrels relentlessly through both conditions.

You feel it. I feel it. We’re sending tens of billions of dollars to Ukraine and a comparative pittance to burned-down Maui.

Our cities are falling apart, but the $1.4 trillion inflationary deficit isn’t denting the nation's problems. Fort Myers Beach - destroyed by Hurricane Ian nearly a year ago - still looks like a bombed-out city. It will take years to repair. We’ve written off the idea of we’ll get any additional Federal assistance any time soon.

All the while, these situations are normalized by America’s intellectual class.

Get this…

Even as we pump tens of billions a month into our perpetual war machine, economists like Paul Krugman now suggest Americans should live with higher inflation for longer.

What gives?

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