Joakim Book
Joakim Book
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Author, editor, yogi | Meat, bitcoin, chess | calling BS on most things
"Roughly speaking, then, my motherβs ability to generate economic value got reduced by about a third β yet she thinks sheβs better off because the paycheck at the end of the month has larger numbers on it."
This is what inflation does to people: causes us to misunderstand what's up, economically speaking, and to place the blame on entirely the wrong actors.
Money Blindness and Money Clarity | The Daily Economy