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I'm drowning in (conspiracy) theories

So many theories flying around, including my own. I try to make sense of them.

Nik Bhatia

May 9

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Dear readers,

Everybody has their idea of how Yellen and Powell and Biden all want this, that, or the other. It becomes confusing, especially when theories that sound feasible in isolation contradict each other. My goal today is to flesh out the various theories, some more conspiratorial than others. Hopefully, we emerge less confused. Either that or we’re wearing tinfoil. And I am pretty good at distinguishing conspiracy from fact—for example, Bill Gates and Bill Clinton taking several trips to Epstein’s island isn’t a conspiracy thanks to eyewitnesses and unsealed court documents. Just so we’re clear.

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Two percent

Let’s start with what I believe to be the dominant principle in my current framework, and we can work backward from there. It begins with Jerome Powell...