LynAlden on Nostr: I keep pushing back on two types of NPCs: 1) The right-leaning type of NPC that ...
I keep pushing back on two types of NPCs:
1) The right-leaning type of NPC that thinks all the inflation occurred because of the Biden Administration. Price inflation comes with a lag from money-printing, which began under Trump and continued under Biden, but materialized under Biden. That's why I was writing about upcoming inflation in 2020 and continued doing so in 2021 and thereafter.
2) The left-leaning type of NPC that thinks "price gouging corporations" are causing the inflation and that price controls are an answer. A casual reading of history would refute this, any easy check on public SEC filings would demonstrate this, etc. So it's like, "no, the grocery store with 1.4% net profit margins is not the cause of your food price woes, madam."
It's not so much that I get annoyed by people not knowing things. There's a million things I don't know. What I do find mildly frustrating is when people are so confidentially sure of a position that they have almost zero knowledge in.
Published at
2024-08-16 23:18:01Event JSON
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"content": "I keep pushing back on two types of NPCs:\n\n1) The right-leaning type of NPC that thinks all the inflation occurred because of the Biden Administration. Price inflation comes with a lag from money-printing, which began under Trump and continued under Biden, but materialized under Biden. That's why I was writing about upcoming inflation in 2020 and continued doing so in 2021 and thereafter.\n\n2) The left-leaning type of NPC that thinks \"price gouging corporations\" are causing the inflation and that price controls are an answer. A casual reading of history would refute this, any easy check on public SEC filings would demonstrate this, etc. So it's like, \"no, the grocery store with 1.4% net profit margins is not the cause of your food price woes, madam.\"\n\nIt's not so much that I get annoyed by people not knowing things. There's a million things I don't know. What I do find mildly frustrating is when people are so confidentially sure of a position that they have almost zero knowledge in.",
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