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Yeah this is what has been really bothering me about the inflation narrative being pushed everywhere. The same people crying about inflation now have been "warn
by oramit 5y ago
Yeah this is what has been really bothering me about the inflation narrative being pushed everywhere. The same people crying about inflation now have been "warning" about it forever and have been consistently wrong.
I'm totally open to the idea that "things are different this time" but an inflationary spike after the deflationary collapse of COVID isn't surprising at all. I definitely see some prices increasing but most of them are the same or less. It's really difficult to untangle what is inflation and what is just a lingering supply shock from everything being shut down.
I just wish the inflation people would have more humility in their predictions.
- duxup 5y agoYeah crawling out of a pandemic, it's kinda new territory. Had you described the actual pandemic to some folks before it happened I would think they would have predicted things would be way worse than they are. I'm kinda surprised things are the way they are. I would have expected serious economic disaster type stuff.