▲ 198 r/austrian_economics
It’s so infuriating leftist talking about taxing wealth while defending moneyprinting
The main thing is they (want to) believe in institutions.
So pointing out that moneyprinting and forcing at least 2% inflation (but often much more) is an active, exponential subsidy for all asset holders, it feels to them that you are attacking daddy.
The greatest accomplishment of the rich has been convincing the left, working class to fight their battle through presenting Keynesian economics as “science”.
u/lordtosti — 4 days ago