1401
you are viewing a single comment's thread
view the rest of the comments
[-] Clent@lemmy.world 5 points 2 years ago

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.

this post was submitted on 05 Mar 2024
1401 points (97.6% liked)

Microblog Memes

11347 readers
549 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:

  1. Your post must be a screen capture of a microblog-type post that includes the UI of the site it came from, preferably also including the avatar and username of the original poster. Including relevant comments made to the original post is encouraged.
  2. Your post, included comments, or your title/comment should include some kind of commentary or remark on the subject of the screen capture. Your title must include at least one word relevant to your post.
  3. You are encouraged to provide a link back to the source of your screen capture in the body of your post.
  4. Current politics and news are allowed, but discouraged. There MUST be some kind of human commentary/reaction included (either by the original poster or you). Just news articles or headlines will be deleted.
  5. Doctored posts/images and AI are allowed, but discouraged. You MUST indicate this in your post (even if you didn't originally know). If an image is found to be fabricated or edited in any way and it is not properly labeled, it will be deleted.
  6. Absolutely no NSFL content.
  7. Be nice. Don't take anything personally. Take political debates to the appropriate communities. Take personal disagreements & arguments to private messages.
  8. No advertising, brand promotion, or guerrilla marketing.

RELATED COMMUNITIES:

founded 2 years ago
MODERATORS