4 ms·
Seemingly lot of other points are similarly made without the supporting evidence. Eg: wage growth driving inflation - what wage growth? Checking this, the pande
by seadan83 4y ago
Seemingly lot of other points are similarly made without the supporting evidence.
Eg: wage growth driving inflation - what wage growth? Checking this, the pandemic pushed the US out of a period of low wage growth, it's not extreme and is similar to the 60s thru 80s: https://tradingeconomics.com/united-states/wage-growth https://tradingeconomics.com/united-states/wage-growth
Re: printing money and money drops, that seems to entirely ignore that was happening while unemployment was in the double digits.
Re: drivers on inflation, Karie Porter has some really interesting presentations that input costs are not increasing proportionally to profit increases (regardless what you think of her, the data presented stands on its own). That evidence suggests simple price gauging is a significant factor (citation: https://www.marketplace.org/shows/make-me-smart/corporate-profits-we-see-you/amp/ https://www.marketplace.org/shows/make-me-smart/corporate-pr...)
Those are just some examples of yet more statements given as assertions, which seem somewhat foundational to the remaining conclusions. These flaws really gives me pause for any of the analysis presented.