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by SpicyLemonZest 1709 days ago
This article strikes a very particular faux-neutral tone that should raise warning flags even if you tend to agree with where they're coming from. When you see lines like:

> ultimately, their main goal: higher inflation.

> It hopes that enough money would trickle down so the economy improves and inflation increases (so that basic stuff get more expensive for ordinary Joe).

> While the central banks increase the overall money supply and utilize low interest rates (or even negative rates), this process is creating ‘bubbles’ into the economy.

That's not an attempt to provide honest information or generate productive discussions, but an attempt to get everyone pointlessly riled up so they'll share the article. Don't fall for it!

2 comments

I agree with you as a concept, but "higher inflation" is actually a stated goal of most central banks. They try to keep it in the 2-3 % range.

The explanatory "basic stuff get more expensive for ordinary Joe" is a little deceptive, but still speaks to the point? It gets more expensive for everyone, but "ordinary Joe" who has less money as his lack of assets didn't go up with price, ends up paying more relative to his net worth.

It also _is_ creating bubbles in the economy, but that is _not_ a stated purpose and he isn't saying it is.

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I agree overall that this article is quite biased and not one I feel like I can honestly read.

Yes, that's the faustian bargain we've got when we decided journalism should be free on the internet.

It is annoying, regrettable, but is just the way things are today: clickbait or die.

But let's not this detail detract from the argument as it is solid and with serious possible implications that merit being discussed.

I've learned this lesson the hard way, but it's not a minor detail we can skip over. The article is shaped to ensure that we'll start yelling at each other if anyone tries to challenge the argument or question its implications. You can't bootstrap a respectful discussion on top of an article trying to get you riled up - it just doesn't work.
Clickbait, subscriptions or die. The FT are doing pretty well for themselves, and they definitely don't provide clickbait.