Like why are you boarded up? Where are the millions of hipsters looking to open artisanal this or that in you? The start ups? Why clamor for space in Brooklyn?
FinTwit mocked me for expressing concern over inflation, & suggesting Fed might need to do something (raise rates sooner?)
I worry inflation will end up hurting working poor more in end then rate increases. Not sure.
bigger issue is being reliant on growth to help poor
1/
That we rely on high growth as a policy to help working poor is a reminder we still have “Trickle down” as primary social policy.
That is at the core a very conservative position many in finance/policy take
It also means we will almost always face this bad decision
2/
Using eco growth as social policy means just when working poor are about to get some trickling down, we overheat & they get screwed by inflation most (oil, food are core costs) & don’t own assets to hedge themselves (stocks houses)
What was most striking to me was how diverse Indianapolis is. Not just statistically, but truly diverse.
A lot of scolding about big Red state cities being hickish & xenophobic.
That isn't necessarily the case at street level. Indianapolis, like a lot of red state cities, has large immigrant communities that mix with broader population. There is less inequality at the lived level
Few thoughts from my first impressions from walking across Indianapolis
1) striking how diverse city is. Not in a statistical way. But in a lived way. A city can be diverse, but in separate bubbles, enforced & self enforced (looking at you NYC). That is less the case here
That is not denying the city, like all, is segregated, by race, wealth, & education. It is that it is less so. And people interact more. At a logistical & lived way, & in most importantly, in values” — that is how people get their meaning & view themselves
2) How interstates change everything. The path of the expressways defines neighborhoods, either by cutting & separating them from each other, or by filing them with cars, noise, & exhaust.
A city, like Indianapolis, with lots of highways intersecting jt, is X different cities.