722
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 22 Nov 2023
722 points (98.7% liked)
News
21752 readers
3365 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. Trolling is uncivil and is grounds for removal and/or a community ban.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Adding to this with a post I found on wallstreetbets.
https://www.reddit.com/r/wallstreetbets/comments/15uo06v/inflation_data_has_always_been_a_lie/
Not exactly a reputable source, but the OP does go through several key indicators and shows their math (with screenshots of a calculator, lol)
Yeah there's so much wrong here that it's difficult to know where to start. I guess maybe let's start with, inflation isn't determined by how many raw dollars are printed, and population rises aren't being taken into effect, both of which will heavily change his end result.
Mfs still subscribe to inflation theory from 200 years ago smh…
Money is printed in accordance to inflation, among other things, but it’s not the cause. Ffs. The US printed trillions during and after the 2008 crash and there was barely any inflation then.
Glad to see this here. The way some leftists are repeating libertarian talking points about inflation these days is disturbing.
It's intuitive because it follows from personal experiences with money. Having read and seen information on this, perhaps what gave me the clearest intuition was Randall Wray's intro to MMT lectures. Perhaps throwing one of the simplest ones at leftists spouting this stuff would work for them too.
Seriously someone thinks that inflation is equal to increase in money supply? 🤦♂️🤦🤦♀️
I mean it's /r/wallstreetbets lol