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26 sats \ 1 reply \ @teemupleb 10 Jun \ on: Yah: In Fiatland, the Ultrarich Have-Yachts (Bloomberg, Madison Darbyshire) econ
Inflation is powerful, so that 66->800 number is a little ridiculously inflated(!)... a billion dollars isn't what it used to be.
I read the whole article and didn’t see any mention about inflation destroying purchasing power.
The leftist journalists and authors rarely mention that. Either they don’t understand dilution of money or intentionally and out of bad faith leave it out to scam their readers.
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0 sats \ 0 replies \ @denlillaapan OP 10 Jun
I hold one of those explanations higher than the other
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