Waller: "Inflation becomes like pornography. I can't define it...[but] I know it when I see it. That's not how central bankers should think about inflation." Waller sounds skeptical of pulling back the lens on the measures of inflation the Fed has traditionally highlighted by down-weighting core PCE and up-weighting alternative measures. If we "move to a world where we look at a broad basket of stuff" the risk is that the Fed looks "like clear or transparent."

A new report has revealed a heated debate inside Valve over pornographic games on Steam. According to former employees, Valve’s top lawyer suggested the company take a stronger role in moderating adult content on the platform. Gabe Newell reportedly disagreed, saying, “What the f*** do I pay you for if that’s your opinion?” The quote comes from accounts shared by former employees and has not been publicly confirmed by Valve. If this is true, Gabe Newell is even more based.

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Men now in their 20s are the first to grow up with easy access to pornography from childhood, and they say it changed how they see women and how they form and maintain relationships, a Post investigation from Rikki Schlott has found. Read more: