still mad (yes) that all the econ bros on here pretended this wouldn't happen, & that if anything we should spend more inflation is a straightforward hike in the cost of living it functions as a flat tax, which in all other circumstances would be considered outrageoushttps://twitter.com/FinancialTimes/status/1446241472144084996 …
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whatever kind of implicit tax it is, it's definitely not a flat one not only is the impact disparate, but aggregated inflation stats are just aggregates, inflation is actually very unevenly distributed in pricing throughout the economy.
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