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by ETH_start 1106 days ago
"The American Prospect is devoted to promoting informed discussion on public policy from a progressive perspective.

**

Founded by Robert Kuttner, Paul Starr, and Robert Reich"

Here is Robert Reich claiming that corporate profiteering is the "structural driver" of inflation:

https://twitter.com/RBReich/status/1595880687344689152

"If inflation comes up at the dinner table tonight, don’t forget to draw attention to the deeper structural driver of inflation: the concentration of the American economy in the hands of a few corporate giants with the power to raise prices, even as they rake in record profits."

And not the five fold increase in the money supply between 2019 and 2021:

https://fred.stlouisfed.org/series/M1SL

This, by the way, is exactly what Latin American politicians claim:

https://twitter.com/nanexcool/status/1463679262381199365?s=2...

2 comments

Discussion of the multifaceted issues causing inflation across the globe (even in countries with a less severe increase of their money supply across the same timeline) aside, does this in any way negate their position on Tesla operating their not nearly sufficiently tested "Full Self-driving Beta" on public roads using untrained members of the public?

I feel that the article, if anything, could have gone even more in-depth, as one key criticism I see rarely mentioned is Teslas constant changes to the FSD stack, the implications of which a lot of people "using" the "beta" simply will not be able to fully understand and has on multiple recorded occassions caused behavior that were different from what the untrained drivers had come to expect using previous versions.

Money Supply conspiricists have predicted 8000 of the last 1 high inflation eras.

In the meantime: https://www.reuters.com/business/energy/exxon-smashes-wester...

The idea that supply and demand determine prices is not a conspiracy theory.

Expanding the money supply five fold in two years will create inflation.