News for hackers. Stuff that matters.

A comment on Summers: Inflation Reached 18% in 2022 Using the Government's Previous Formula. Parent comment

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by gumby on Sunday April 14, 2024 @02:07AM (#40029039)
Woah, you sound like Adam Smith (the real one, not the one worshipped by alleged acolytes who clearly never read a word he wrote).
[ Parent | on HN ]
Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by Terr_ on Sunday April 14, 2024 @04:38PM (#40034268)
I often like to observe that there is capitalism and then there is Capitalism with a an uppercase--dare I say "capital"--letter C.

The first is a kind of economic engineering with trade-offs and conditions and acknowledged edge-cases, the second is a brand supported by some rather culty dogma.

[ Parent | on HN ]