Consider:–Jobless Claims Rose Sharply Last Week to a 4-year highWSJ: In the week through Sept. 6, jobless claims filings rose to 263,000, up from 236,000 a week earlier. But this leads to people making the sort of claims we saw during other major dislocations:“The Market has become detached from reality…”I am not so sure this is correct. The outperformance of the US stock market over the past five years can be attributed to this significant stimulus. This stimulus also deserves some (but not all) of the blame for the global surge in inflation from 2021-2023. (February 27, 2023)Who Is to Blame for Inflation, 1-15 (June 28, 2022)See also:MiB Special Edition: Neal Katyal on Challenging Trump’s Global Tariffs (September 3, 2025)