Jul 30, 2012

Inflation and Racism, ctd

I was struggling with this post yesterday—must have rewritten it five or six times. The basic point is that, as far as there is any consensus in economics, there is no danger of serious of hyperinflation. Yet comparisons are routinely made to Zimbabwe to argue against further stimulus, while millions languish in poverty and misery. Like racism, this is a major moral error which should bring shame on those who hold it.

Can you think of a better way to put it?

1 comment:

  1. Moe Tkacik made a similar point here about the entire handling of the financial crisis:

    "Which is, of course, what truly marks the financial crisis as a "Hate Crime": its perpetrators are pathetic, ignorant mediocrities who inflict violence upon their marginally more vulnerable countrymen"

    http://daskrap.com/2012/7/confessions-economic-hate-crime

    ReplyDelete