Since they’re sent in real-time by people across a number of demographics, tweets could be an alternative method of measuring the public’s expectations about inflation. The two primary methods are surveys and the prices of financial assets linked to inflation. The first is more accurate, but isn’t timely and has a smaller pool of people to pool opinions from. The second is more timely, but isn’t as accurate. Tweets don’t have these pain points. Plus, since tweets are worldwide, all countries can use this to analyse their citizens’ inflation beliefs. Read full article here
Culture
The Priest in the Arena
The phrase “man in the arena” has been popularized in recent years, but a lesser known, more dangerous archetype is the “priest in the arena”. This figure is responsible for a process called theocratic capture, where an institution surrenders to a cult demanding unaccountable authority, fueled by claims to privileged knowledge. These cults often target powerful institutions and attempt to monopolize conversations with scaremongering tactics and hostile treatment of allies. It is important to identify and stop theocratic capture before it can gain control. Read full article here
Merv
May 29, 2023
