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Microchips are actually a more defensible belief. I can deduce that inflation isn't caused by greed with an extremely basic knowledge of economics. Meanwhile, w
by slibhb 3y ago
Microchips are actually a more defensible belief. I can deduce that inflation isn't caused by greed with an extremely basic knowledge of economics. Meanwhile, while it seems a priori extremely unlikely that Bill Gates has been spiking our vaccine supply, in order to actually disprove it, I'd need a microscope and some time.
- deleted 3y ago[deleted]
- hakdbha 3y ago[dead]
- deleted 3y ago[deleted]
- lm28469 3y ago> I can deduce that inflation isn't caused by greed with an extremely basic knowledge of economics Nobody is saying inflation doesn't exist. By your logic any price hike is to be accepted and not questioned because "basic economics"... You have a lot of faith in a lot of people who's sole purpose in life is to make more money than they did last year.
- slibhb 3y ago> Nobody is saying inflation doesn't exist. Bizarre non sequitur. > By your logic any price hike is to be accepted and not questioned because "basic economics"... No it doesn't. But by your logic, surge pricing is theft. I have no particular faith in people. I observe that there's all kinds of irrational, nonsense beliefs scorned by mainstream economists that are popular among certain groups. "Greedflation" is dumb economic populism, nothing else.
- lm28469 3y agoIdk how to dumb it down enough because your logic is so flawed: X causes Y doesn't mean Z cannot cause Y too. You might want to reconsider that your 'basic knowledge of economics" isn't enough to explain everything. https://australiainstitute.org.au/post/oecd-confirms-that-inflation-has-been-mostly-driven-by-corporate-profits/ https://australiainstitute.org.au/post/oecd-confirms-that-in... https://www.npr.org/2023/05/19/1177180972/economists-are-reconsidering-how-much-corporate-profits-drive-inflation https://www.npr.org/2023/05/19/1177180972/economists-are-rec... https://www.investmentmonitor.ai/news/corporate-profits-responsible-for-almost-half-of-europes-inflation-imf-report/?cf-view https://www.investmentmonitor.ai/news/corporate-profits-resp... https://www.ineteconomics.org/perspectives/blog/profit-inflation-is-real https://www.ineteconomics.org/perspectives/blog/profit-infla...
- slibhb 3y agoI feel like you're an LLM having a fit of hallucinations. Like I said, in any social mileu there are insane things that are commonly believed. Providing evidence that people believe in "greedflation" doesn't contradict that at all.
- Naijoko 3y agohow would you do this with a microscope? Would you watch all blood flow through it and then check for microchips? Sounds interesting.
- slibhb 3y agoBingo.
- xcv123 3y ago> I can deduce that inflation isn't caused by greed Try actually reading the article before commenting. The article does not say that inflation is caused by greed. Not even close.
- slibhb 3y ago"Greedflation" is the theory that the 2021 spate of inflation was caused by greed.
- xcv123 3y agoYou didn't read the article. Greedflation is a theory that some companies exploited inflation to create excessive profits, not that greed was the sole cause of inflation. Here is the study: https://www.ippr.org/files/2023-12/1701878131_inflation-profits-and-market-power-dec-23.pdf https://www.ippr.org/files/2023-12/1701878131_inflation-prof...