Replying to Avatar imnuso

The problem with the terms inflation and deflation is that they just indicate change of quantity (of monetary supply) but people interpret them as change in value, because after an complex interplay of different factors took place that’s the effect. However it remains just a change of quantities.
Avatar
ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

most people can't even compute second order consequences... the education system and media has made them this way

Reply to this note

Please Login to reply.

Discussion

Avatar
imnuso 1y ago

The world has become too abstract and complex for most of the IQ levels present in societies. It will get worse before it gets better

Avatar
ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

it harms me, in short term, materialistic ways to obey my intellect but when the herd is headed for the slaughterhouse the value of it becomes clear

Avatar
imnuso 1y ago

Dare to think dangerously. That is, it seems, thinking in the first place nowadays.