{"id":3507,"date":"2023-05-06T00:47:20","date_gmt":"2023-05-06T00:47:20","guid":{"rendered":"https:\/\/www.godefy.com\/pluralistic-look-at-all-the-great-stuff-we-lost-because-of-inflation-scare-talk-05-may-2023"},"modified":"2023-05-06T00:47:20","modified_gmt":"2023-05-06T00:47:20","slug":"pluralistic-look-at-all-the-great-stuff-we-lost-because-of-inflation-scare-talk-05-may-2023","status":"publish","type":"post","link":"https:\/\/www.godefy.com\/pluralistic-look-at-all-the-great-stuff-we-lost-because-of-inflation-scare-talk-05-may-2023\/","title":{"rendered":"Pluralistic: Look at all the great stuff we lost because of inflation scare-talk (05 May 2023)"},"content":{"rendered":"<p>Today&#8217;s links Look at all the great stuff we lost because of inflation scare-talk: We swapped pandemic aid, new spending and minimum wage hikes for wage suppression and mass layoffs. Hey look at this: Delights to delectate. This day in history: 2008, 2013, 2018, 2022 Colophon: Recent publications, upcoming\/recent appearances, current writing projects, current reading Look at all the great stuff we lost because of inflation scare-talk (permalink) Call me a conspiratorialist if you must. But when CEOs get on earnings calls and brag about how covid, war, and scare-stories about inflation let them hike their prices and rake in never-before-seen profit margins, I think it&#8217;s reasonable to blame inflation on greed, not on workers getting a couple of relief checks during the lockdown. Amazingly, this is a controversial position! For more than a year, Very Serious People have dismissed the greedflation hypothesis &#8211; that CEOs aren&#8217;t lying when they boast about using pretexts to hike prices &#8211; is a conspiracy theory used to dupe people who Just Don&#8217;t Understand Economics. Jeff Bezos &#8211; whose profits soared during the lockdowns, even as his workers sickened and died in droves &#8211; went on a Twitter tear last March to tell us that free gubmint money (for workers, that is) was causing inflation: https:\/\/www.levernews.com\/citizen-bezos-logs-on\/ And Bezos&#8217;s columnists and editorial board at the Washington Post told the same story, calling greedflation &#8220;foolishness&#8221; and a &#8220;bizarre theory&#8221; and demanding that the Fed hike interest rates, drive Americans out of work, and &#8220;curtail their spending&#8230;<a href=\"https:\/\/pluralistic.net\/2023\/05\/05\/wmds-two-point-oh\/\">Pluralistic: Look at all the great stuff we lost because of inflation scare-talk (05 May 2023)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today&#8217;s links Look at all the great stuff we lost because of inflation scare-talk: We swapped pandemic aid, new spending and minimum wage hikes for wage suppression and mass layoffs.&hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2285,739,796,2282,300,166,2281,1463,2283,141,811,2284,2280,12,295],"_links":{"self":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/posts\/3507"}],"collection":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/comments?post=3507"}],"version-history":[{"count":0,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/posts\/3507\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/media?parent=3507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/categories?post=3507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/tags?post=3507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}