Hacker News Reader

Comment by spywaregorilla | Hacker News Reader

You're changing your story now though. You now have new information that wasn't available at the time of the transitory comment. Information that would all but guarantee large inflation problems.

View on HN

I believe they had numbers on how much money was injected into the economy from the money printer, they had numbers around how many people had exited the workforce and available jobs versus filled. These folks are supposed to be analytical, intelligent, skilled statisticians. Instead, we're getting politically-minded loosely-defined-economists that are ignoring the breadth of information in favor of a cozy narrative.

If it was caused by money injection into the U.S. economy then how do you explain inflation being a worldwide phenomenon? Quite a few experts believe a year ago that inflation was a result of imbalance in supply chains due to lockdowns. New information arises and a reevaluation of old ideas occurs. No evidence of lying as far as I can see.

But what if you're wrong? What if the monetary effects you think are important are not? What if the reason prices rise is due to a war, energy crisis, shipping crisis, and lockdowns in the largest manufacturing base in the world? Which, ya know, would definitely cause prices to rise?

Seems to me like you're just saying you're right and they're stupid without acknowledging the state of things

I think it is pretty clear. Wrong once, Wrong twice, and then now misleading.

Reply on news.ycombinator.com