News for hackers. Stuff that matters.
Re:Jack Dorsey: Hyperinflation is going to change everything by rektide on Saturday October 23, 2021 @01:57PM (#28970772)
my initial read on this wasnt in terms of typical countries-printing-money hyperinflation, but more about a growing cost of goods & materials.

i do tend to believe there is a "great adjustment" underway that undoes much of access to cheap resources, & less so cheap labor. rather than being a question of central banking & economic policy, this is to me more a question of sustainability of the ultra competitive vast resource extraction pipeline society has built itself out of.

we're also finding that the operational costs of society & the infrastrucutre we live upon are rather high. im not sure how or this factors in to a decrease in consumer access but itcs part of the readjustment.

i was disppointed to find such resounding & often crass & hostile rejection of the premise (& jack as a person), such perposterous questions repeated like "where is the proof?" as though this is something the school of economics has ever been able to say for certain on. it took me a couple passes through to even understand that i see the proposition differently, that i have my own preconceptions that i fit the term hyperinflation onto. i dont know what jack meant. but i don think some forms of hyperinflation are quite likely in the cards, alas. we havent market resillience or sustainability to keep an endless series of mini crisis from dogging the business-as-usual daydream that made up the past couple decades, and the result is a change in the value of money.

There are no comments on this comment yet.