News for hackers. Stuff that matters.
Re:In supermarkets across Europe, inflation is leading to a ... by aimbivalent on Wednesday March 29, 2023 @04:48AM (#35354348)
What does a central bank, literally the fifth plank of communism, have to do with capitalism?

I didn't say anything about a conspiracy or even forethought. It's simple incentives and power dynamics. Imagine Lagarde or Powell saying "oops, we shouldn't have printed a gazillion billion dollars, after all so please fire me and Paul Krugman and all the other state-aligned Neo-Keynesians and put Peter Schiff in charge to dismantle the ECB/FED and replace it with free market money". Absurd. Much easier to opportunistically try to pivot this into more state control on the back of inflamed public opinion.

There are no comments on this comment yet.