The Pinched-Hose Economy
Derek Thompson on inflation, unemployment, and America’s confounding economic outlook
This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here.
“It’s not just my opinion that things are weird,” Derek Thompson told me recently. It’s a fact of life, he explained, that the U.S. economy is behaving very strangely right now.
But first, here are three new stories from The Atlantic.
- What comes after the search warrant?
- How California exported its worst problem to Texas
- The other Ukrainian army
A Flopping Hose
We last week that unemployment in the U.S. is as low as it’s been at any time in the past 50 years, and a released today shows that inflation slowed in July. Those are good things—and yet, economic output
