We’ve normalized inflation adjusting despite the fact that it demonstrably hurts the poor. Inflation adjusted prices don’t help you if you’re sitting on USD trying to save to get out of poverty. Yang gets it.
-
This Tweet is unavailable.
-
-
Replying to @nathanmccauley @sconover
In what concrete way does inflation adjusted pricing hurt the poor? The gap between productivity and wage growth in the EU didn't materialize as it did in the US because they have different social policies - unions, taxes - even though they maintain the same monetary policies.
1 reply 0 retweets 3 likes -
There's a lot to be said for reducing inequality, but inequality is a social policy - an explicit choice to favor capital over labor - not a monetary policy. Yang needs to revisit ECON-101.
1 reply 0 retweets 1 like -
Replying to @martinmroz @sconover
Over time what happens to the buying power of the USD in the bank account of a person in poverty?
2 replies 0 retweets 0 likes -
This Tweet is unavailable.
-
-
This Tweet is unavailable.
-
@nathanmccauley:@cmuratori is putting together a series of discussions / debates that might interest you; I'd love to see the two of you discuss it in depth.1 reply 0 retweets 2 likes -
This sounds fun.
1 reply 0 retweets 1 like
If you'd like to do an interview, I just followed so you can DM. This series is interrogatory only, no debating (although I do tend to ask hard questions :)
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.