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Pete Buttigieg told "Axios on HBO" that "we've probably had excellent presidents who were gay — we just didn't know which ones."

Why it matters: Buttigieg, who is rising in polls and would be the first openly gay nominee of either party, talks easily about his sexual orientation when asked. This comment is a new window into his thinking.

Transcript

"Axios on HBO:" "Republicans claimed that John Kerry was a traitor in Vietnam. That Barack Obama was a Muslim. If you were to win the nomination, they'll say you're too young, too liberal, too gay to be commander-in-chief. You are young. You are a liberal. You are gay. How will you respond?"

Pete Buttigieg: "I'll respond by explaining where I want to lead this country. People will elect the person who will make the best president. And we have had excellent presidents who have been young. We have had excellent presidents who have been liberal. I would imagine we've probably had excellent presidents who were gay — we just didn't know which ones."

"Axios on HBO:" "You believe that we've had a gay commander-in-chief?"

Pete Buttigieg: "I mean, statistically, it's almost certain."

"Axios on HBO:" "In your reading of history, do you believe you know who they were?"

Pete Buttigieg: "My gaydar even doesn't work that well in the present, let alone retroactively. But one can only assume that's the case."

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Go deeper

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Maybe we can ignore inflation expectations

Illustration: Sarah Grillo/Axios

Just because we expect inflation to show up, doesn't mean it will. That's the message from an important new paper throwing cold water on a central tenet of monetary economics.

Why it matters: The Fed hikes interest rates when — and only when — it thinks inflation is otherwise going to be too high. That means it needs a formula to determine where it thinks inflation is going to be. But now a senior Fed economist is saying that the key ingredient in that formula "rests on extremely shaky foundations."

3 hours ago - Technology

Facebook: Metaverse won't "move fast and break things"

Illustration: Aïda Amer/Axios

Facebook on Monday said it will invest $50 million over two years in global research and program partners to ensure its metaverse products "are developed responsibly."

Why it matters: "It's almost the opposite of that now long-abandoned slogan of 'move fast and break things,'" Facebook's VP of global affairs Nick Clegg told Axios in an interview at The Atlantic Festival Monday.

Ina Fried, author of Login
3 hours ago - Technology

Behind the Instagram Kids pause

Illustration: Annelise Capossela/Axios

Facebook's announcement Monday that it was "pausing development" on Instagram Kids did little to slow a wave of criticism of the project ahead of a Senate hearing Thursday.

Yes, but: There's an argument to be made for building kids' versions of popular apps, even if their adult versions are causing real-world harms.