alt Hacker NewsI'm trying to read this and not feel like an idiot.
Can someone explain to me how post-covid is considered one of the 4 episodes?
it looks to me that the dips at 1933-1936 or 1956-1958 are much more significant - are these just "regular" inflation? Are we ignoring these because we can't tie them to some specific current event?
Replies
raincole • today at 4:33 PM
Appeal to readers' recency bias. Covid is the most recent big change for the readers so the article has to make it more significant than it actually was. If it only talked about things happened <40years people would be 'so what?' and bounce out.
kingleopold • today at 4:41 PM
money supply increased more than all those during the covid.
I think probably the interest rate is higher, but the value as a proportion of the starting value on LHS is less significant, compared with the periods you mention. If you look at the monthly interest rates at the bottom, it seems to support this notion.