Democrats Play the Blame Game on Rent Inflation \ stacker news ~econ

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Democrats Play the Blame Game on Rent Inflation www.aier.org/article/democrats-play-the-blame-game-on-rent-inflation/

687 sats \ 18 comments \ @siggy47 19 Jun econ freebie

Inflation is the surest way to trigger a Pavlovian response from politicians, whereby they blame monopolists, middlemen, greedy entrepreneurs, profiteers, and price gougers.

This type of Advil politics, where the government attempts to treat the symptoms instead of the underlying causes of inflation, comes with costly unintended consequences.

I like that term: advil politics.

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151 sats \ 2 replies \ @kepford 19 Jun

Its wild to me how often the news reminds me of Atlas Shrugged.

76 sats \ 1 reply \ @Undisciplined 19 Jun

Galt's Gulch, baby!

That's how I think about the parallel economy and institutions that we're building.

64 sats \ 0 replies \ @kepford 19 Jun

Yep, same here. Some change their minds and think. Most just float. Build better systems. If ideology is your plan to win you will lose. This is one reason bitcoin is hopeful. Its why it must work.

188 sats \ 1 reply \ @kepford 19 Jun

The biggest monopoly of all is the state. I enjoy bringing this up when people start complaining about monopolies.

55 sats \ 0 replies \ @riberet19 19 Jun

The mafia of mafias

185 sats \ 3 replies \ @Undisciplined 19 Jun

What's the alternative? Taking responsibility?

I remember reading that it was becoming normal in California to require 6 months rent upfront, because it's so difficult to evict someone. With the prevailing rents, your looking at tens of thousands of dollars up front, just to get into a rental.

64 sats \ 2 replies \ @kepford 19 Jun

So few ever look at the negative side of some state action. The unintended consequences. I used to think that politicians just didn't think it through. Now I think its more sinister. They don't care. They pay no price. The just manipulate things shift the blame to their benefit.

76 sats \ 1 reply \ @Undisciplined 19 Jun

Exactly. Even if/when they understand what the consequences will be, it doesn't change anything. That's just not the game they're playing.

63 sats \ 0 replies \ @kepford 19 Jun

The game is getting money and votes. They have little skin in the game.

75 sats \ 2 replies \ @kilianbuhn 19 Jun

Demand and supply. Legalize building more housing. 🏗️

Cities like Austin have proven that it works and the effect is tangible & immediate

21 sats \ 0 replies \ @JesseJames 19 Jun

Agreed :-) https://finance.yahoo.com/news/homebuyers-leaving-austin-3-cities-190021540.html

21 sats \ 0 replies \ @siggy47 OP 19 Jun

There are a lot of factors. Property taxes have skyrocketed. Insurance rates are through the roof. HVAC costs have probably doubled over the past 5 years. Maintenance costs... the list is endless. It's because of money printing.

54 sats \ 0 replies \ @Akg10s33 20 Jun

The truth is that inflation is a resource of the capitalist political masses... as a method of defense and of perpetrating and extending their way of life at all costs... at the expense of the poor and lower classes... without anyone being able to do anything. or almost nothing in the face of an armored and unpunished system..

54 sats \ 0 replies \ @IamSINGLE 19 Jun

What I know about Advil is related to medicine. Can't find how it relates to politics. I can understand this is indicating corruption (may be). It definitely provides temporary relief and does not eradicate the problem..

54 sats \ 0 replies \ @SimpleStacker 19 Jun

I like that term: advil politics.

This++

54 sats \ 0 replies \ @Satosora 19 Jun freebie

Its really weird. Half the politicians sleep in their office. Kind of disgusting, to tell you the truth.

54 sats \ 0 replies \ @SatsMate 20 Jun

With a society with so many drug commercials on the tv, it is the new slang i'll be using with my friends. Throwing band aids and blame on the worlds biggest issues.

54 sats \ 0 replies \ @BitcoinAbhi 20 Jun

This is all because of demand and supply.