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I fear our upcoming high inflation will be abused as an example to legitimize harsh austerity in the future, because liars will draw the causality with the expa
by protoman3000 5y ago
I fear our upcoming high inflation will be abused as an example to legitimize harsh austerity in the future, because liars will draw the causality with the expansive monetary policy of the 2010s and not with the Corona pandemic. They already conveniently forget that there was a flu pandemic in the beginning of the 20th Century.
- SubiculumCode 5y agosame. but I truly don't think we will have large inflation. This is just creakiness of a machine restarting after being turned to a lower setting based on unmet expectations of a long span of limited consumer demand.