DC silently taxes the world through inflation. Like Europeans, Republicans mysteriously became relatively poor relative to Democrats after 2008. And Arabs saw their food prices spike, leading to the Arab Spring. Blue Americans did ok though… See this thread: https://twitter.com/balajis/status/1640031435208937472
Interesting. I also think that’s the case. Also don’t think the U.S. will be able to do it anymore in the next decade. Inflation will be at home as the world moves away from the dollar and US treasuries
Keynesianism has always been stealth communism. The communist steals by force. The Keynesian does it through invisible inflation — deniable to everyone, even himself. That’s how Keynes himself caused the Bengal Famine: eroding purchasing power of Indians to pay for war, pushing them into famine. bit.ly/3K1QZ6t
Triffens dilemma forces this no? Feature not a bug
I smell some reframing of the discussion, gotta stay on brand right 😉
Bro we all paid for 2008, unless you were wealthy or got IPO money. I know you don’t live in America so having these hot takes seems wrong. Unless you were a tech worker, most coming from outside of California or the US, places like the Bay Area became poorer for everyone except for the already wealthy
btw if you use PPP this difference is pretty stable