Discover and read the best of Twitter Threads about #priceovervolume
Most recents (2)
Call me a conspiratorialist, but when CEOs brag on earnings callsabout how covid, war, and #inflation scare-stories them hike prices and rake in never-before-seen margins, I think it's reasonable to blame inflation on greed, not on workers getting a couple of covid checks.
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/05/05/wmd…
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pluralistic.net/2023/05/05/wmd…
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Amazingly, this is controversial! For more than a year, Very Serious People dismissed the #greedflation hypothesis - that CEOs aren't lying when they boast about using pretexts to hike prices - is a conspiracy theory used to dupe people who Just Don't Understand Economics.
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Giving workers modest sums to prevent them from starving during the lockdowns enraged #inflation hawks, who insist that improvements to workers' material lives will transform America into an amateur Weimar revival, with wheelbarrows of useless bank-notes. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/03/11/pri… 2/
pluralistic.net/2023/03/11/pri… 2/
"Democrats" like Larry Summers - a Clintonite ghoul who is on record as saying that women are biologically incapable of doing science - insisted that preserving workers' living standards was a terrible mistake. 3/
