5 ms·
Broken window fallacy. Letting things fail is a possibilty. The boys' club can get together and coordinate a rescue, but in one out of every n attempts of coo
by dnautics 5y ago
Broken window fallacy.
Letting things fail is a possibilty. The boys' club can get together and coordinate a rescue, but in one out of every n attempts of coordinated rescue, they'll fail. Which will be good for leveling income inequality.
- xxpor 5y agoThat's also how you end up with wars.
- deleted 5y ago[deleted]
- dnautics 5y agoNo, since 1900 wars are more correlated with inflationary predictors than deflationary predictors.
- xxpor 5y agoThey're correlated with instability. I'd agree hyper inflation is a cause of instability. 2-3% isn't.
- dnautics 5y agoYou are making an assertion based on a model that is strictly in your head because it seems "right". Please check your history.
- imtringued 5y agoWars create a lot of debt and inflation is effectively the act of not honoring the debt. It's pretty obvious why inflation follows wars.
- bobthepanda 5y agoIs that because of the existence of the Fed, which only started up in the 1910s?