3 ms·
Whether there is an unusual inflation or not, "inflation is skyrocketing" is for sure a popular meme among the tech crowd. It nicely fits with the libertarian m
by yks 6y ago
Whether there is an unusual inflation or not, "inflation is skyrocketing" is for sure a popular meme among the tech crowd. It nicely fits with the libertarian mindset, "we are smarter than experts" narrative, some asset shilling/market manipulation (BTC, TSLA) and probably the fact that everyone in the tech bubble is either themselves a millionaire or knows a bunch of millionaires who compete for the same constrained resource, e.g. housing in the SFBA or, again, BTC.
Now, since the memes are actually very potent force, I wonder if they create a self-fulfilling feedback loop where assets do rise first and foremost because everyone believes there is an inflation.