what, like everybody in my friend groups predicted this
Quote Tweet
The sharp increase in inflation over the past year has blindsided many economists. Almost no one saw it coming econ.st/3CBfh0I
8:18
1.5M views
Conversation
Replying to
there hasn't been any significant inflation in the last decade, and afaik my friends haven't predicted it before. (maybe one or two, but in this case it was pretty universal agreement)
1
18
Show replies
Show replies
Replying to
Did they predict just this once or have they been predicting for the last decade?
Replying to
Yeah... Like what do you think happens when you suddenly print a ton of money?
You need to be an economist to not know.
Replying to
Printing trillions of dollars and not expecting inflation. That's actually understandable because US is able to export the inflationary consequences of "monetary easing" to the whole globe.
1
2
Replying to
tbf libertarians spend huge amounts of there time arguing (wrongly) that government spending always causes rising inflation. If you throw enough darts at the dart board you'll eventually hit a bullseye.
4
7