1400
My plan is to crumble with it.
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 05 Mar 2024
1400 points (97.6% liked)
Microblog Memes
5888 readers
1015 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
Every anti-government interventionalist claims money spending causes inflation. Every time they shift the blame to some past event to fit their model.
Government spending increased and inflation goes up with it. Zomg they were right!
Government spending goes up and inflation goes up several quarters later. Zomg they were right again!
So long as our monetary policy is pro-inflation, people like you will always find a way to tie that intentional inflation to the unintended consequences of government spending, wage increases, etc.
You have a model and damned if you won't find a way to fit the data to. The consistency in how you fit the data never matters to you.
Your models have no predictive power. They only apply in hindsight but weird never 20/20, one always has to squint just right.