Erik Uden 🚩19h ago
35 days of Iran war could've funded Mamdani's proposed city-owned grocery stores for 800 years.
Show threadAlex Maryson13h ago

@ErikUden No, that's not how it works. Inflation is around 4-5%, which halves your money in 15-20 years. And when you supply a significant number of stores with practically free food, this inflation skyrockets. These "800 years" will end soon after Mamdani's term ends, if not before.

And no, you can't simply buy real food with this money; the problem isn't the money itself, but the distortion of market incentives.

Show threadSibshops

@akamar @ErikUden Inflation skyrocketing because some people get some free food sounds made up.

Food banks existed previously and haven't skyrocket inflation.

10:16pmWeb
Show threadAlex Maryson6h ago

@Sibshops @ErikUden Only when food banks are funded by charities and private initiatives, and not by the government with a money machine behind it.

Otherwise, food banks become part of the overall inflation that arises from holes in the budget and is advertised as "stimulation for economic development"