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He's stating an opinion which couldn't be proven with data and then just citing some data and calling it incontrovertible. It would be like saying democracy dec
by anm89 5y ago
He's stating an opinion which couldn't be proven with data and then just citing some data and calling it incontrovertible. It would be like saying democracy declined due to corporate profits and then showing a poll saying that democracy declined and another graph that corporate profits went up. It's meant to pander people who are going to believe it full well knowing that nothing has been proved.
You cannot prove causality for inflation. Even the things that superficially seem intrinsically linked to inflation like the money supply cannot be proved to account causally for specific inflation. It's a complex system. No one thing causes any other one thing.
So yeah, this is a flaming pile of utter bullshit and Stoller embarrasses himself by putting it out.