Normal people are not supposed to have to talk about interest rates

I’m sitting in Austin-Bergstrom International Airport and there’s a couple next to me debating about the trajectory of interest rates. They look like pretty normal people.

Normal people are not supposed to have to talk about interest rates on a Friday evening as they’re heading into their weekend together. Nay, they are not supposed to have to talk about interest rates at all.

And yet our central bank is now forcing anyone who would like their savings to be protected to care about the yield curve and outcomes from the FOMC meeting.

Think about the absurdity of this for a second. It’s the reason why Elon Musk feels compelled to post tweets like this on a Friday afternoon.

There’s a brighter future ahead.

Edward Hopper’s Nighthawks (1942)