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Comment Re: Pay to play? Piece of the action? (Score 1) 67

How about "Towards An Understanding of the Real Effects and Costs of Inflation" by
Stanley Fischer & Franco Modigliani ( https://www.nber.org/papers/w0... )?

Did these two luminaries of the Economics discipline find anything other than "menu costs" as a downside, and can't that be easily automated away? If you keep track of prices in purchasing power units, will you even notice hyperinflation, if that is the arbitrary outcome of full indexation?

Comment Re: Pay to play? Piece of the action? (Score 1) 67

What if you just print money instead of taxing, and index incomes to price rises so everyone's real purchasing power is kept stable?

Surely someone has done a thesis on this, good luck finding it with modern search engines. In principle a steady and significant rate of inflation could be positive, but you've still got to have some mechanism for people to build wealth or else the best you can achieve is that everyone stays poor together.

Comment Re: Elevate critical thinking (Score 1) 158

Being in denial about how people are is a big part of how we got here. I constantly run into people saying "oh I can't believe how hateful people are" and shit like that because they weren't exposed to it. I live in a part of California where logging is still a primary source of employment and spent a couple years fixing trailers and I heard all manner of ill shit that other people don't experience because they're not a big white guy wearing carharts and turning wrenches. If you think you have some idea of what kind of repugnant ideas are out there you haven't heard a damned thing until they take you to be one of them.

It's a simple fact that people who haven't had as much exposure to other people and cultures are ignorant about them. And it's also a fact that people who don't know shit typically don't have any idea how much they don't know. But that works in all directions, see?

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