Kyla Scanlon coins an apt term for our current economic state–FAFOnomics. Fuck Around, Find Out.
Yes, America needs change. But change without wisdom isn’t reform, it’s recklessness.
And of course, there is an important point to all of this, which is that it is all noise. It’s what Tyler Cowen and Ezra Klein have both pointed out as strategic chaos: overwhelming the public’s already limited capacity for attention until exhaustion sets in. It’s the attention singularity that I wrote about last week in action, where power, narrative, and wealth merge into a self-reinforcing system of perpetual disruption.
Welcome to FAFAnomics – F*ck Around and Find Out Economics, something that feels like the policy equivalent of a TikTok influencer doing increasingly dangerous stunts off the side of a building for views. The goal isn’t good governance; it’s capturing attention at any cost. And it’s working! While we debate whether each new crisis is legal, ethical, or even real1(as we should) the broader transformation of American fiscal policy continues.