Mackenzie Morehead

I believe it’s absolutely vital to think about asset prices the same way that Scott Grannis thinks about inflation, because ultimately they're the exact same phenomena: dollars chasing assets. Think of the situation in terms of supply and demand of each: the demand to deploy dollars relative

This was a piece I wrote in the summer of 2021 as I became increasingly concerned about the inflationary nature of the US's fiscal and monetary policies. It explores the empirical relationship between money and inflation. Here's a highlight: While the 20th Century taught the world