41 sats \ 10 replies \ @k00b 16 Aug \ on: What's the most tragically fun way to measure "real" inflation? 😮💨 bitcoin
Doordash fees.
Austin's public libraries have stopped charging late fees:
I wish they cited their sources but it's certainly plausible.
I've heard the same thing from other library systems, too. It felt counter-intuitive at first, but I could definitely see it being true!
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Wait... I just envisioned a beautiful system.
Imagine if libraries worked off of V4V incentives.
Every citizen wishing to use the library pays up some Sats. If they return books on time - balance stays the same. If late, sats begin to be donated at a split to the library/other citizen library users with books out on loan. If return early... your balance is now owing some sats to you - which you can then choose to donate or hodl.
Basically like Stacker News. 😳🤯
That's quite interesting. Game theory at play.
The thing is, at 10 cents per day... it's not really a fine at that point. A few days late is 30 cents. (face melt emoji).
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I know "doordashflation" as a buzzword for people missunderstanding what inflation is. Because Doordash was like Uber for years and years cross financed by VC to get customers hooked on it before making an actual working business out of it. Having a private taxi for a Burrito was never as cheap as it seemed because someone else payed for it.
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Yeah good points. Using prices to measure inflation is a vague proxy - which was sort of my point. It's all a house-of-cards built on a facade of an illusion.
My real contention is when a business raises prices roughly in-line with inflation and then the un-informed public eats up the rhetoric the government/media propaganda machine feeds them, which is: cOrPoRaTe gReEd and gOuGiNg.
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Lol. I switch between the food delivery apps to get the free service charges. Last I paid it was a $3 or 4 fee I think. Or something along those lines. I would guess it's creeping up to 6.99 or 7.99.