Re:U.S. inflation rate rises to 13-year high of 5.4%
by syshum on Wednesday October 13, 2021 @10:26AM
(#28852507)
Not according to our Economic Overlords in the Fed and Treasury who still, even today, believe 100% of the inflation is about supply chain bottle necks, not their irresponsible money printing
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Re:U.S. inflation rate rises to 13-year high of 5.4%
by testfoobar on Wednesday October 13, 2021 @10:33AM
(#28852596)
When anti-vaxxers are asked to trust the science and listen to the experts, they are simultaneously being asked to ignore inflation by economists and different experts.
How do you convince someone that one group of experts is telling the truth?
Re:U.S. inflation rate rises to 13-year high of 5.4%
by thepasswordis on Wednesday October 13, 2021 @11:01AM
(#28853033)
Simple: remind them that one group of people are scientists, and the other aren’t.
Economics isn’t a hard science. The system is too complex to create theories and test them, so every theory is tested in the production environment of the (usually poor) peoples lives that these things effect.
And hey wouldn’t you know: the rich elites who make up the economists who propose these absurd ideas like “velocity of money” also end up being in the same class as the ones who make billions or trillions of dollars off of their economic theories.