If you aren't familiar with her work and thinking I think a good introduction interview is: https://www.youtube.com/watch?v=f_JmGLMjIOk&t=35s
Fun fact: She is an electrical / industrial engineer by trade, not an economist.
An Economic Analysis of Ethereum - https://news.ycombinator.com/item?id=25811356 - Jan 2021 (111 comments)
The Fraying of the US Global Currency Reserve System - https://news.ycombinator.com/item?id=25558573 - Dec 2020 (17 comments)
The fraying of the U.S. global currency reserve system - https://news.ycombinator.com/item?id=25407583 - Dec 2020 (344 comments)
Banks, QE, and Money-Printing - https://news.ycombinator.com/item?id=24978567 - Nov 2020 (235 comments)
Why This Is Unlike the Great Depression - https://news.ycombinator.com/item?id=22890151 - April 2020 (2 comments)
How to Win a Currency War - https://news.ycombinator.com/item?id=22837518 - April 2020 (60 comments)
The Global Dollar Short Squeeze - https://news.ycombinator.com/item?id=22828991 - April 2020 (211 comments)
Many of the poor cannot even be in debt because they have no access to the financial system. Those that do, mostly have access to payday lending. It's laughable to hold the opinion that inflation will do anything for someone who owes 10% on top by next month. For the middle class, it's one step up -- credit cards, still laughable to think that a 2% inflation will help out someone with a 15% APR revolving line of credit.
The place where it starts to help is when you have large capital loans on fixed interest like home ownership. But her graphs in the next section relating inflation to wealth gap capture the 1% vs the rest, which is not necessarily a mechanistically informative figure of merit... I'd like to see it where the wealth gap when you draw the line closer to something like the low-interest loan accessibility gap.
Inflation hurts people who don't have access to debt and who are more dependent on cash and on fixed incomes. This is exactly what Lyn claims here:
> There are, however, some groups in lower income brackets that do poorly in inflationary environments. If someone doesn’t have a lot of money and lives on a fixed income in retirement, they have a lot of vulnerability to inflation. Those sorts of folks should consider owning inflation hedges to protect their lifestyle, if they expect that high levels of inflation have a reasonable probability of occurring.
"lower classes also have more debt which gets partially inflated away in inflationary environments, and..."
Also the wealthy benefit greatly from debt-based financial instruments (corporate bonds for the companies they run, leveraged trading, forex, options) even if they aren't in debt personally.
If an economist was writing about computer science, everybody on HN would dismiss it.
I have a bachelor’s degree in electrical engineering and a master’s degree in engineering management, with a focus on engineering economics and financial modeling. I oversee the finances and day-to-day operations of an engineering facility.
I’ve been performing investment research for over fifteen years in various public and private capacities.
So it is a mixture of education and practical experience. Whether that lends weight to her output is up to the reader.
The fact that she's not an economist.
I should look up the judges to get a feel for their predilections
I wanted to see S&P 12,000 for a moment
Just make the argument and see.
Google Scholar has all of that court’s cases online in plain text.
I honestly wonder what the extent of the accepted arguments are to that court.