4 ms·

>Seems like bloomberg is prepping the masses to live in poverty. That's pretty much the job of the mainstream media, defend status quo and normalize anything t

>Seems like bloomberg is prepping the masses to live in poverty. That's pretty much the job of the mainstream media, defend status quo and normalize anything that threatens status quo. We've gone from inflation being a conspiracy, to inflation being transitory, to inflation being around for awhile but not that bad, to the media giving advice about how to handle hyperinflation. All within the span of a few months but don't worry inflation(which didn't exist 6 months ago and was a conspiracy) is actually a good thing, CNN will show you how to make money off it https://www.cnn.com/2021/11/24/investing/inflation-stocks-sectors/index.html https://www.cnn.com/2021/11/24/investing/inflation-stocks-se...

jeromegv 5y ago
Inflation has been around since forever and within the living memory of a lot of people, i don’t think any serious economist said that inflation is impossible and would be a conspiracy theory. You’re basically building a straw man.
- mgh2 5y ago
  Population Growth and Inflation https://www.economy.com/getlocal?q=a7c139c0-2b8c-4abf-9b65-bd8b11392939&app=eccafile#:~:text=There%20is%20suggestive%20evidence%20that,in%20response%20to%20declining%20population https://www.economy.com/getlocal?q=a7c139c0-2b8c-4abf-9b65-b....
- ren_engineer 5y ago
  Here's Nobel Prize winner Paul Krugman saying back in June that the inflation "panic" was dead and that the Fed had everything under control. I can find 100 other articles from economists with similar credentials saying the same thing a few months back https://www.nytimes.com/2021/06/21/opinion/inflation-economy-biden-fed.html https://www.nytimes.com/2021/06/21/opinion/inflation-economy... These are the same people complaining that citizens don't trust the government and experts. Trust has to be earned
  - tw04 5y ago
    That's an opinion piece, not a news article. As indicated by the giant "Opinion" at the top of the article. Here's an opinion piece stating just the opposite on the same site. Odd they'd publish that if they're intent on "covering it up" as you imply. https://www.nytimes.com/2021/11/16/opinion/biden-inflation-spending-manchin.html https://www.nytimes.com/2021/11/16/opinion/biden-inflation-s...
  - newaccount2021 5y ago
    Krugman is so wrong, so often, that it is now fair ball to call him an Actual Idiot, prizes or not
tw04 5y ago
When was "inflation a conspiracy"? Citation? The only conspiracy theory I've seen are anti-government folks claiming that the government was lying about the current inflation rate, which has been shot down repeatedly. We've been talking about inflation since 2007 and just about everyone has been concerned for a LONG time that the fed keeping interest rates low meant there was basically no way to mitigate it. There was never a question or a debate that inflation was going to happen, what was and still is up for debate is what that inflation means for the average American. The supply chain crisis is currently a far bigger issue to the average American than inflation.

jeromegv 5y ago

Inflation has been around since forever and within the living memory of a lot of people, i don’t think any serious economist said that inflation is impossible and would be a conspiracy theory. You’re basically building a straw man.

mgh2 5y ago
Population Growth and Inflation https://www.economy.com/getlocal?q=a7c139c0-2b8c-4abf-9b65-bd8b11392939&app=eccafile#:~:text=There%20is%20suggestive%20evidence%20that,in%20response%20to%20declining%20population https://www.economy.com/getlocal?q=a7c139c0-2b8c-4abf-9b65-b....
ren_engineer 5y ago
Here's Nobel Prize winner Paul Krugman saying back in June that the inflation "panic" was dead and that the Fed had everything under control. I can find 100 other articles from economists with similar credentials saying the same thing a few months back https://www.nytimes.com/2021/06/21/opinion/inflation-economy-biden-fed.html https://www.nytimes.com/2021/06/21/opinion/inflation-economy... These are the same people complaining that citizens don't trust the government and experts. Trust has to be earned
- tw04 5y ago
  That's an opinion piece, not a news article. As indicated by the giant "Opinion" at the top of the article. Here's an opinion piece stating just the opposite on the same site. Odd they'd publish that if they're intent on "covering it up" as you imply. https://www.nytimes.com/2021/11/16/opinion/biden-inflation-spending-manchin.html https://www.nytimes.com/2021/11/16/opinion/biden-inflation-s...
- newaccount2021 5y ago
  Krugman is so wrong, so often, that it is now fair ball to call him an Actual Idiot, prizes or not

tw04 5y ago

When was "inflation a conspiracy"? Citation? The only conspiracy theory I've seen are anti-government folks claiming that the government was lying about the current inflation rate, which has been shot down repeatedly. We've been talking about inflation since 2007 and just about everyone has been concerned for a LONG time that the fed keeping interest rates low meant there was basically no way to mitigate it. There was never a question or a debate that inflation was going to happen, what was and still is up for debate is what that inflation means for the average American. The supply chain crisis is currently a far bigger issue to the average American than inflation.