I’ve been wondering this question for a while. Ignoring current events, why is a little bit of inflation desirable?
I do understand that it’s done to “stimulate” the economy so people don’t let their cash rot in a checking account, but isn’t it a zero-sum game? Everybody says that money is not meant to stay where it is, rather, should flow through the economy. But if the economy always needs injections of liquidity because otherwise it fails, isn’t the economy broken?
I feel like there’s something I can’t comprehend about that.
“other people’s jobs are bullshit, but not mine”
inherently contradicts “The idea being that the person actually doing the work is in the best position to tell if their work actually means something.”
The argument is bullshit itself. But this book isn’t trying to make a coherent argument, it’s trying to sell books by appearing to people’s resentment that their job is important and everyone else’s is stupid and worthless. Which pretty much everyone believes because we are all egotistically biased.
I don’t need to read the book. The ‘argument’ has been around forever in various forms. ‘bullshit’ jobs have always existed and will always exist, and are just a product of ignorance and idealism that the world would be ‘better’ without them. Everyone hates administrators and bureaucrats and support staff and thinks they shouldn’t have to exist and ‘get in the way’ of them doing ‘real work’.
You know what another bullshit job is? firefighting. last time I checked most firefighters aren’t putting out fires every hour of everyday they work…
You legitimately have no idea what you’re talking about and I’m starting you doubt you’re even reading my replies in full. Unless you’re willing to give me a point by point counterargument like a normal person, this conversation is over.
Yeah, I know. If you think this book is legit and insightful… well you might as well vote for Trump. You are a believer in nonsense. I bet you also think Trumps tariffs were ‘economic genius’.
You should read real books by economists if you want to understand the economy man. Not grandstanding anthropologists who think their bitterness is genius.
Which economists do you think are correct on this matter? How do their opinions differ from the economic policy we’ve seen since 2008?