> The phenomenon of hyperinflation is foreign to them, and there's a steep learning curve.
LOL. What the US has is in no way, shape, or form hyperinflation. I've lived in a place with hyperinflation and less than 10% ain't it, chief :-)
LOL. What the US has is in no way, shape, or form hyperinflation. I've lived in a place with hyperinflation and less than 10% ain't it, chief :-)
It’s just irrelevant since you don’t need anything even approaching hyperinflation to have real world impact on people, and the real wage loss over the past several years is clearly in that category.
Not hyperinflation.
Words mean stuff. Hyperinflation leads to situations which the U.S. is nowhere near experiencing.
>>Like I said, inflation and hyperinflation especially are a steep learning curve.
Everything must be a sign. Strong job figures? Those are a precursor to hyperinflation. More mortgages fail than average? Hyperinflation on the horizon. Trump gets elected? He'll certainly cause hyperinflation. Trump loses? Democrat policies lead to hyperinflation.
They're not capable of understanding that they're wrong. JWs for example believe that the end of the world is extremely imminent... and it has been for over a hundred years. I know JWs who were taught as kids that their grandparents would live to see "God's Kingdom" and now, having lost those grandparents, they're still preaching the same nonsense and their own grandkids will be brought up to do the same.
I've seen a surprising amount of vaccine denialism, xenophobia, unsubstantiated pop Econ takes, Peter Zeihan bullshit, etc.
YC should just cut the cord on this forum tbh. It's not about "Hackers" or "News" anymore.
That said, you may be correct in that the voices have gotten louder. Also, the Covid conspiracy stuff drives me up the wall, and I didn’t remember older HN being like that.
It was stuff like mass surveillance, the TSA, etc. Went away after Snowden.
It's a marketing tool for them, always was. Probably fairly cheap to run, too.
I appreciate this place.
Does that mean that I don't believe this country is trending - psychologically in terms of its money supply - toward an Argentine way of thinking and battling?
To become Argentine isn't a total collapse in any sense. It's the disappearance of trust in the currency - on and off, slowly, over years - without actually ceasing to use the currency for day to day transactions. That is what I'm referring to, and that is what is indicated by people buying gold bars at Costco. So yes, I agree that there isn't a better economy or market to put my money in. But that's not a ringing endorsement, either.
[edit] Also, to portray what I made as a fairly nuanced argument about Americans losing faith in the dollar, as if I were a Watchtower devotee or a maniacal doomsday conspiracy theorist, is disingenuous, and a poor-faith argument.
Truly, you don't really get how it works in Argentina or how similar it is to 10% inflation here, unless / until it were to hit 20% inflation here, and smart people would begin to look at what the dynamics were in a similar scenario, in another western country, and how they played out economically and politically. It's something you should look at whether you believe it's possible here or not. There's a vast degree of hubris associated with your declaration that it can't happen in America.
But since neither becoming a Gleisner Robot nor Polis Citizenship are possible for me it's futile to spend time worrying about a nearby Gamma Ray burst. If it happens I would likely die instantly, but even if not there's no reason to plan for that.
I care about contingency planning a great deal but it makes no sense to plan for events which are both extremely unlikely and very difficult to successfully ameliorate.