I read a little about it but I forgot what that declaration was called and I can't find it anymore, anyone mind helping me out here?

  • Elyssius [he/him]
    ·
    4 years ago

    This is definitely relevant but it seems more like calling out fanboys of a subset of economic theory - the thing I remember reading was when economists made like an official announcement or something that boils down to "I'm not mad, I'm not mad, I'M NOT MAD, when reality contradicts my words reality is wrong!"

    Thanks for the link tho, I'll certainly enjoy linking it to people who scream bAsIC eConOmicS

      • Elyssius [he/him]
        ·
        4 years ago

        lmao anything that dunks on neoliberalism and its dumb fuck theories is welcome in this thread, I'll look around for that article

          • OgdenTO [he/him]
            ·
            4 years ago

            If inflation is calculated by the buying power of a unit of currency against a set of defined basic items (certain foodstuffs, etc.), then wouldn't food shortages in a free market cause massive inflation, irrespective of government backed monetary expansion?