Hello and welcome to Slate Money, your guide to the business and finance news of the week. I'm Felix Salmon. I'm here with Elizabeth Spires.

Hello. I'm here with Emily Peck, who is still at Axios. It's true. Hello. Hello.

And we're going to talk about the inflage. We're going to talk about inflation and whether it's high and whether

it's rising and whether it's measurable anymore

and whether it matters we are going to talk about the taco trade trump always chickens out

it has become a whole meme we are going to talk about books and whether anyone even reads

them anymore we have a slate plus segment on the Trump-Musk feud that went from zero to 100

faster than a Tesla roadster.

That's kind of how the segment went.

In terms of the velocity of that segment, Emily, where would you put it?

It was like zero to 300 miles per hour.

You might even want to subscribe to Slate Plus for that one.

In any case, it's all coming up on Slate Money.

Okay, so Emily, you are the inventor of the inflash.

You are the person I go to for all things, inflash.

And you understand the vibes.

You are hooked into the inflation vibes.

I remember when the inflash vibes were strong and everyone was blaming the incumbent

president, Mr. Biden, for the inflage. My question for you is, are the inflage vibes equally

strong now? And is the incumbent president similarly being blamed? These are good questions.

I'll take it in order.

The inflation vibes are not as strong in 2025 as they were when we last saw President

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