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I'm shocked at how many people take inflation numbers seriously. To me, it's just obviously government propaganda. Primitive society: priest-scribes working fo
by d_burfoot 4y ago
I'm shocked at how many people take inflation numbers seriously. To me, it's just obviously government propaganda.
Primitive society: priest-scribes working for the state pore over the movement of the stars, after much study pronounce that the gods are pleased, and all will be well after we sacrifice 100 goats. By the way, there is no better way to organize society, because the king is descended from the sun god
Modern society: priest-scribes working for the state pore over econometric numbers, after much study pronounce that the economy is strong, and all will be well after we print 4 trillion dollars for economic stimulus and then raise interest rates to tame inflation. By the way, there is no better way to organize society, because the government is democratically elected
- lp0_on_fire 4y ago> I'm shocked at how many people take inflation numbers seriously. To me, it's just obviously government propaganda. I agree that the current way of dealing with monetary policy feels closer to rain dancing than actual science but people are taking it seriously because they're seeing it in their grocery and fuel bills every day.