Viewing profile — AngrySkillzz

> Sounds good. Aight chief I'm out. Glad we have agreed that 25% unemployment is a good thing. You sure are concerned about those working class people trying to feed their families…

it was a joke...

> It decreases the value of the money use to pay for them That is meaningless, though. Imagine last year you bought some asset, that someone else did not, and it appreciated 2% wit…

"Low, stable inflation increases inequality" is not a statement that you could find much agreement on from economists. Also, Krugman is just a pop-econ writer at this point. He is …

> people who benefit most have both assets and debt. These are wealthy people Generally you have to have more assets than debt to be considered "wealthy." This is why the word "net…

yes, comrade, you have nothing to lose but your chains

You are purposefully ignoring the normal explanation, which is this: because wages are sticky, firms that need to cut costs in a recession are more likely to lay off people than th…

Thanks, I am glad someone else actually has the energy to explain this.

> Depreciating currency causes those assets to go up in nominal terms That does not increase the real value of those assets, and it does not have any distributional consequences. >…

It is strange, but I think it makes sense culturally. HN grew out of that particular libertarian, anti-establishment "hacker" subculture, where it is very common to believe that th…

> Only because the wealthy benefit from depreciating currency Source this claim. Everyone benefits from a depreciating currency because inflation provides a buffer against deflatio…

Hi yes I know quite a bit about sticky wages and inflation. What's your point.

Sadly it isn't really worth arguing econ on HN. This place is full of cranks when it comes to that, unfortunately. Maybe better if we all just stick to programming.

ok let me be more polite: source??? If you think your assertions are "actually true" then back them up. edit: and let's be clear about who has poisoned the well here. You poisoned …

I'm just going to call you a conspiracy theorist because it's probably not worth arguing with you, and "the amount of energy needed to refute bullshit is an order of magnitude larg…

It is tricky, but they try to apply what are called "hedonic adjustments." [1] If a new iPhone comes out that is way better than last year's iPhone, but it is the same price, then …

Yeah, people on HN are kind of cranks about this sort of thing

The root cause is demographics. People have a standard life cycle - you save when you are young, peak saving around a decade before retirement, and then spend savings in retirement…

That's not how employment works. There is a certain amount of natural unemployment even in a full employment economy: this is called "frictional unemployment." Like, you just moved…