Innis on Nostr: Inflation caused by central banks is blamed on corporate greed. Housing shortages ...
Inflation caused by central banks is blamed on corporate greed. Housing shortages caused by zoning are blamed on developers. Healthcare costs inflated by government programs are blamed on the market. In a country where more than a third of national income is taxed away the dominant story is that markets are running everything and running it badly. The accusation survives contact with the numbers because the people making it do not need the numbers to be on their side. They need the story to be on their side and for most of the relevant century it has been.
Published at
2026-03-13 00:41:48 UTCEvent JSON
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"content": "Inflation caused by central banks is blamed on corporate greed. Housing shortages caused by zoning are blamed on developers. Healthcare costs inflated by government programs are blamed on the market. In a country where more than a third of national income is taxed away the dominant story is that markets are running everything and running it badly. The accusation survives contact with the numbers because the people making it do not need the numbers to be on their side. They need the story to be on their side and for most of the relevant century it has been.",
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