CarlSchenkenberger on Nostr: Haiku for FEW: The primary cause of this so-called "inflation" *IS* real inflation. ...
Haiku for FEW:
The primary cause
of this so-called "inflation"
*IS* real inflation.
👇
The classic definition of inflation is "a ballooning of the monetary supply."
Once the definition was changed to "rising prices," the word shifted from CAUSE to EFFECT.
As an effect, it's much easier to shift the blame to greedy corporations, etc.
Obfuscation is powerful. 👀
The primary cause
of this so-called "inflation"
*IS* real inflation.
👇
The classic definition of inflation is "a ballooning of the monetary supply."
Once the definition was changed to "rising prices," the word shifted from CAUSE to EFFECT.
As an effect, it's much easier to shift the blame to greedy corporations, etc.
Obfuscation is powerful. 👀