Re:Bank of England expects UK to fall into longest ever rece...
by systemvoltage on Thursday November 03, 2022 @04:20PM
(#33456922)
No, I am not presenting the full arguments here so don't go after what I just put here. Similar comments were upvoted later this year.
Reminds me of the pandemic 180 degree turns we made with respect to origins. At first, it was unacceptable to discuss lab leak theory. After Lancet post, it was then suddently acceptable. But, now it is uncool again.
The mob is absolutely ruthless and disgraceful.
Re:Bank of England expects UK to fall into longest ever rece...
by andybak on Thursday November 03, 2022 @05:10PM
(#33457653)
I've followed HN through the pandemic and I found it pretty balanced on the lab leak theory. I've personally always been open to the idea and I've not noticed a huge wave of "mob" behaviour either way.
You weren't downvoted for saying that money printing -> inflation[1], everyone with a basic grasp of arithmetic can understand this.
You were probably downvoted for thinking that letting the economy completely implode was preferable to inflation. Or, alternatively, that piling a few million bodies onto the altar of economic growth[2] in a pre-vaccine world was a good idea.
[1] Also, there's a difference between Wall St. inflation and Main St. inflation, and the latter is as much caused by the war and supply chain disruptions as it is by the printing press.
[2] Growth which wouldn't have even materialized, because everyone with an ounce of self-preservation dramatically changed their spending and travel habits.