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A comment on Why inflation is not a threat. Parent comment

Re:Why inflation is not a threat by refenestrator on Sunday March 14, 2021 @01:19PM (#26456944)
Both the New Deal and the Chinese system accelerated electrification and running water in rural areas by decades.

There's a lot of "quality of life" there that gets missed when people zoom all the way out and talk about state involvement, GDP and freedom.

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Re:Why inflation is not a threat by donovanian on Sunday March 14, 2021 @09:35PM (#26461629)
> There's a lot of "quality of life" there

I guess you'd have to ignore what Deidre McCloskey describes as the Great Enrichment of liberal democracies:

"[...] a rise in real wages 1800 to the present by a factor of 10 or 30 or (allowing for improved quality of goods) 100, which is to say 900 or 2,900 or 9,900 percent" [1]

Meanwhile there's a certain propensity for incredible inhumanity, eugenics (in the case of the 1920s Progressive movement) and the outright abuse and "reeducation" of minority races in China.

[1]: http://www.deirdremccloskey.org/docs/pdf/IndiaPaperMcCloskey...

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Re:Why inflation is not a threat by refenestrator on Sunday March 14, 2021 @11:44PM (#26462417)
"1800 to present" is very much inclusive of the New Deal.
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