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Back when the inflation hoopla started I watched the newshour desk (Amna, looking at you) very poorly hype it up. They had economists on to talk about it and th
by datavirtue 4y ago
Back when the inflation hoopla started I watched the newshour desk (Amna, looking at you) very poorly hype it up. They had economists on to talk about it and they shrugged it off as corporate profiteering. You can always tell when they don't want to hear the truth. I yelled out the answer a few minutes before the economist did.
They didn't invite her on to talk again. For some reason they just froth at the mouth at the prospect of systemic inflation. They will grab the reigns of the culture war and flog it mercilessly to the finish line but will never call out corporate collusion against workers nor the abuse of consumers lest Facebook or Walmart ease up on the "donations."
- dasil003 4y agoAgree with all of this, and it's even worse because collusion is not necessary. The profiteering requires no coordination at all. Just the narrative of inflation alone creates the smokescreen for individual corporations to all do this in lockstep without needing to so much as make eyes at each other across a tradeshow floor. Perfect deniability.
- gsatic 4y agoSo what do you guys want more rate hikes till when? Cuz it seems like rate hikes are pretty much the only working lever the dumb mindless machine has.
- johnny22 4y agothat is one of the few levers the Fed has. Congress not acting is the real problem.
- t-writescode 4y agoI want my fellow person to earn a living wage for a working day, no matter the work and a safety net for when we all fall on bad times. If that means my burger goes up a dollar, I’m fine with that.