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by epistasis 439 days ago
Look back at expectations at the beginning, and you'll see that nearly everybody was predicting massive recession and even hyperinflation. Balaji bet $1M that there would be hyperinflation:

https://news.ycombinator.com/item?id=35201728

Yet that didn't happen. We dodged a major bullet, and survived far better than the rest of the world. We must look back at predictions and outcomes with clear eyes, not with the narratives that are being sold in the current day.