Microblog Memes

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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.

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Please put at least one word relevant to the post in the post title.
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Posters are encouraged to link to the toot or tweet etc in the description of posts.

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founded 2 years ago

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ReadyUser31@lemmy.world

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So much for "progress" (lemmy.world)

submitted 1 week ago by FlyingSquid@lemmy.world to c/microblogmemes@lemmy.world

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[–] zergtoshi@lemmy.world 2 points 1 week ago

I don't see how any of Hayek's ideas apply here.
If e.g. money was treated like outlined in his "Denationalization of money" the inflation rate would look vastly different, because the supply inflation of the USD couldn't have been forced the way it was done.
And that supply inflation caused devaluation of the USD and inflation of prices.
I'm not saying that all of the inflation rate has been caused by USD supply inflation, but Hayek might be not so bad, if you look closer.
I mean, Austrian economics barely plays any role in any economy; why blame them for the shortcomings of our current economic schemes?