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C EE. C EE. E. C. E. K. slash claims. Before I tell you what an economic termite is, I want to introduce you to the guy who

coined the phrase. His name is Matt Stoller. He writes about the economy. And he wants to acknowledge

something, a feeling he's got, that he's pretty sure you've got too. Our experience in the economy is just worse, right? Things are more of a pain in the ass and you don't really know why.

You know what Matt's talking about here, right? Maybe you've felt it when you tally up what you're spending on groceries.

Maybe you've felt it when you're haggling over a medical bill.

Matt says, termites are the source of this

feeling and it's not just you dealing with an infestation. I do lectures to

different groups and I was lecturing to a group of national security

officials and I sat in on the lecture before I was supposed to give my talk and there was a guy talking

about the budget and he was like well you know everything's's getting more expensive and that just how it is and that sucks, but you know, we're going to do less with more.

Okay, this is the part where you are beginning to wonder, what the hell is an economic

termite? The reason Matt started using this analogy is because he thinks about the

rising cost of everything as being tethered to a problem that is incredibly big, systemic even,

but driven by something that's very, very small, fees and price increases that are slowly

munching away at the support beams all around us. Economic termites, Matt says, are everywhere.

They're in our computer software, our housing market.

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