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"It took a while — six years since I bought the Yorkville U215s used from a dance club in Lower Manhattan — but I finally got around to multiamping them with the LM1875-based “chip amps” that I finished last year. And … It’s fantastic! I was prepared to accept that, after all this effort, maybe the result wouldn’t be much better, or no better at all, than the passive crossovers that Bill Woods designed for these speakers. And indeed I had one speaker multiamped, and the other still with its passive crossovers, both driven by the LM1875 amplifier, side by side, and they didn’t seem that much different. Audio series They didn’t “sound” that much different, because both had the same drivers and cabinets, and both had about a flat frequency response, so why would there be any difference? So I multiamped the other one as well, and did a fair amount of careful adjustment to the crossover and also constant-directivity EQ (all in the digital realm), using a test microphone and Room Equalization Wizard, some free software on my Mac notebook. This additional careful adjusting helped a lot. The result was exactly as I hoped for — a kind of ease and expressive tonality that I remember from every time I multiamped compression drivers in the past, and which was notably missing from the passive version. It’s been 12 years since I’ve had a multiamped horn system up and running, and I think I still like it. In some ways it was almost the same, and in other ways it is so much different, that I would say that it is 3x better. It was not an incremental improvement, it was a huge leap from “Why bother?” to “This is awesome.” If I were to put it on a"

"(This item originally appeared at Forbes.com on September 11, 2026.) What is “inflation”? No, seriously, what is it? In our 2022 book, Inflation: What It Is, Why It’s Bad, and How To Fix It, we literally put “what it is” right on the cover, in the title, because we knew that people didn’t know what it is. We were anticipating a deluge of discussion about “inflation”, which happened much as we expected as the official CPI hit +8.98% YoY in June 2022. We expected that even after millions of words on the topic, people still wouldn’t know what “inflation” is. We were right. They still don’t. Most people spend too much time on TikTok. But there are some people, who really are very talented, and really spend hours per day discussing big macro topics including “inflation,” and have been doing so for years and decades. This includes people like Federal Reserve Governor Kevin Warsh, who used to work for bigfoot hedge fund manager Stanley Druckenmiller – who is not only really good, but has been called “The Greatest Macro Investor Of All Time.” So you better believe that Kevin Warsh is also pretty darn good, because otherwise Druckenmiller would have fired him. Although we have a “competence crisis” these days, with people in positions of importance who really shouldn’t be there, this has not been true (yet) at the Federal Reserve. Kevin Warsh is not only competent, but super-competent. It would be difficult for me to name anyone anywhere who brings to the table such a combination of intellectual power, leadership, and real-world experience. I don’t think Kevin Warsh knows what “inflation” is. The hedge fund manager Harris Kupperman, who, like Warsh, has spent decades following the issue of “inflation,” with access to a huge amount of material from top Wall Street economists and"

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