3 ms·
> economists are the dumbest creatures on earth, inflation is happening because the entire economy became less efficient for various reasons related to the pan
by nerdponx 4y ago
> economists are the dumbest creatures on earth, inflation is happening because the entire economy became less efficient for various reasons related to the pandemic and foreign policy, plus the money the Fed itself printed. Hence fewer goods being produced with more money available and increased prices as a result. These people think they can print money and adjust interest rates and make the economy magically do what they want when in reality the economy is driven by technological advancements that improve productivity, not financial trickery
Who do you think figured all this out? Surely not economists, the dumbest creatures on earth.