Look at the FRED graph of inflation. U.S. has only had inflation lower than 2% basically once (early 1960s) in last 50 years. The economy has done pretty well in that whole time period. So why mess with success? I think that is the intuition.

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Recent Posts
- Reading Nov-Dec 2025 and Jan 2026
- AI as an existential threat – Kevane preliminary draft
- “What can it do?” A living list of computational problems that deep learning/AI/neural nets can or seems likely to “do” (at varying cost and efficacy)
- Reading August-September 2025
- The typical popular sci-fi version of AI posing an existential risk?
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Friends of African Village Libraries (I post regularly here)- Burkina Faso monthly library newsletter
- Organisation d’une séance d’animation à la bibliothèque de Boni
- Animation avec la bibliothèque mobile à l’école C de Houndé
- Animation avec la bibliothèque mobile (BMP) à l’école A de Houndé
- Achat de deux téléphones
- Sumbrungu Community Library hosted enthusiastic young learners from Michaelis Academy
- Organisation de deux activités à la bibliothèque de Koho
- Rapport de sortie à la bibliothèque de Karaba, Burkina Faso
- Photos from Sherigu community library in Ghana
- Photos from Gowrie Kunkua community library during the night session, Ghana