Row 66081

Row ID: 66081 | Dataset Entry | Axioma AXP Content Repository

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>Whenever I'm scrolling through non-financial subreddits

I have some bad news for you friend, most of the people in financial subreddits also don't understand how inflation or other basic financial concepts work (If I sit in this thread for long enough I'm sure I'll see dozens of really really wrong takes). The overwhelming majority of posts concerning most any economic subject are shockingly inaccurate, especially on the financially focused subs. There's very few actual professionals participating in these subs after 2020, and as such the conversation has been mostly dominated by laymen being critical of things they don't understand.

Even here you'll often see people very confidently throwing criticism at basically everything they don't like, stimulus checks, PPP loans, Federal reserve actions, etc.

But in economics the strong consensus is that inflation was pretty squarely a supply shock/disturbance issue.

https://www.imf.org/-/media/Files/Publications/WP/2022/English/wpiea2022208-print-pdf.ashx

https://www.nber.org/digest/20239/unpacking-causes-pandemic-era-inflation-us

https://www.worldbank.org/en/research/brief/global-inflation

FieldValue
text >Whenever I'm scrolling through non-financial subreddits I have some bad news for you friend, most of the people in financial subreddits also don't understand how inflation or other basic financial concepts work (If I sit in this thread for long enough I'm sure I'll see dozens of really really wrong takes). The overwhelming majority of posts concerning most any economic subject are shockingly inaccurate, especially on the financially focused subs. There's very few actual professionals partici…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-23
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Raw Record

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  "text": ">Whenever I'm scrolling through non-financial subreddits\n\nI have some bad news for you friend, most of the people in financial subreddits also don't understand how inflation or other basic financial concepts work (If I sit in this thread for long enough I'm sure I'll see dozens of really really wrong takes).  The overwhelming majority of posts concerning most any economic subject are shockingly inaccurate, especially on the financially focused subs.  There's very few actual professionals participating in these subs after 2020, and as such the conversation has been mostly dominated by laymen being critical of things they don't understand.    \n\nEven here you'll often see people very confidently throwing criticism at basically everything they don't like, stimulus checks, PPP loans, Federal reserve actions, etc.  \n\nBut in economics the strong consensus is that inflation was pretty squarely a supply shock/disturbance issue.  \n\nhttps://www.imf.org/-/media/Files/Publications/WP/2022/English/wpiea2022208-print-pdf.ashx\n\nhttps://www.nber.org/digest/20239/unpacking-causes-pandemic-era-inflation-us\n\nhttps://www.worldbank.org/en/research/brief/global-inflation",
  "label": "r/investing",
  "dataType": "comment",
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  "datetime": "2024-05-23",
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