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It’s not about particular zip codes. It’s about funny numbers and bailing out the rich.
by jtbayly 3y ago
It’s not about particular zip codes. It’s about funny numbers and bailing out the rich.
- JumpCrisscross 3y ago> It’s about funny numbers and bailing out the rich The first is ambiguous; I assume this is the usual inflation definition misunderstanding. TL; DR There are a number of measures of inflation because there are an infinite number of possible baskets of goods and services; they're adversarially generated by a number of agencies and private organizations. The second is just sour grapes. Did SVB's depositors deserve a bailout? No. Was its bailout infinitely better than the '08 bailouts, which bailed out the banks themselves? Yes. Was not bailing out SVB's depositors worth a recession? No. As another comment mentioned [1], misanthropy and catastrophism isn't a productive policy preference. [1] https://news.ycombinator.com/item?id=36695197 https://news.ycombinator.com/item?id=36695197