It's More Than Just Vibes
the vibes discourse has gotten lazy
Hello! It’s been a long time. I have been working hard on finalizing the book (woo, what a process) and a few other fun projects that will be launched next year. Thank you for hanging out :-)
Ah, the Vibes. We are all sick of it.
Dictionary.com published “vibecession” yesterday, which was WILD1. A vibecession is the idea of a disconnect between consumer sentiment and economic data. So basically, the economy is doing fine, but people are absolutely not feeling fine.
Vibes have sort of taken a life of their own (particularly through the Twitter feed of Will Stancil) over the past few weeks (and do note, vibes have roots in Keynes and animal spirits, Soros and reflexivity, and the entire field of behavioral economics, so the whole debate is nothing new).
But the discourse on vibes has gotten lazy.
As Derek Thompson said -
Something I’ve been thinking for a while is we need to phase out the concept of “vibes” in Econ analysis. It’s not useless. In fact it’s almost too useful. It means too m…
