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Beware People Trying to Dismiss Jack Dorsey's Inflation Tweet as Disinformation
- mohanmcgeek 5y ago> A good way to know you’re living through high inflation is when you’re discouraged from talking about it. Why? It's becoming fashionable to use statements like this for everything. The reality is that all these pro-Bitcoin people are sitting on a large pile of nothingness and they _need_ a hyperflation to justify what they already did. Also, talking about inflation doesn't actually cause a market wide inflation. We didn't have a toilet paper inflation last year. Hyperflation can happen only when the current account deficit as a percentage of GDP is huge and you have no way of producing those imports yourself.
- h2odragon 5y agoWe know it couldn't be "disinformation" because Twitter has repeatedly assured us they will go to any lengths to keep their platform free of such troubling variances from the Approved Narrative. They're like the Internet but better, id it's on Twitter it must be Truth!
- mensetmanusman 5y agoI will be watching to see if this inflation helps effectively ‘shrink’ the size of US debt: https://economics.ucsc.edu/research/downloads/using-inflation-to-erode-debt-nov27-09.pdf https://economics.ucsc.edu/research/downloads/using-inflatio... Of course, if wages don’t match inflation, then it comes at the expense of a shrinking middle class…