If you don’t see that our deflationary world is becoming an inflationary world, you’re just not paying attention.https://twitter.com/ewarren/status/1120296821300060160 …
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I think many people will FEEL better. Which is the whole political point. In my experience, the core human response to feeling better is to consume more good-feeling things, not make an entrepreneurial investment in time/money. But I hope you’re right.
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I’ve vaguely reminded by Hernando De Soto type arguments around how making land titles clearer boosts economies. Here it is lives under illegible and dubious value debt burden rather than land with murky titles.
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It seems suspiciously convenient that moves benefitting the wealthy are more stable despite having no obvious greater merit. Maybe short-term inflation is in essence the price of believing in the productive potential of humans who bought overpriced lemon degrees.
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I believe that's the thesis of
@ScandalOfMoney's 'Knowledge & Power'.@eriktorenberg did a neat thread on this just recently:https://twitter.com/eriktorenberg/status/1120208781743255553 … - 1 more reply
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If they just fix the reference interest rate at -5%, students will have their loans paid off in ~30 years in 0 easy payments.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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