4 ms·
It is very tempting to draw a straight line between something you don't like and some other event that is negative and declare causation. Do you really think t
by tasty_freeze 5y ago
It is very tempting to draw a straight line between something you don't like and some other event that is negative and declare causation.
Do you really think this is what is causing inflation? Perhaps there are other facts, such as trillions of dollars of almost zero interest money injected since 2008, massive tax cuts for highly profitable companies (eg AAPL) that result in great payouts to people who are already paying low taxes (long term capital gains), complex interacting forces that moved the cost of a barrel of oil from a low of $20 to over $100?
- google234123 5y agoThe 6 trillion in government spending, subsidizing labor non-participation with federal money, and canceling federal leases and pipelines and saking banks not to lend for fracking didnt help any of that. I'm not sure how I see how spending a ton more money (UBI) will help with inflation at this point. 100% debt-to-gdb is already a lot.
- astrange 5y agoYou might recall 2008, where we tried not spending money and what we got was a 10-year-long recession. Currently private investors are refusing to invest in oil even without environmental factors in the picture - they think it's a temporary spike and are insisting the oil companies pay them back dividends instead. https://twitter.com/PEWilliams_/status/1506654993633456137 https://twitter.com/PEWilliams_/status/1506654993633456137