Erik Uden 🚩21h ago
35 days of Iran war could've funded Mamdani's proposed city-owned grocery stores for 800 years.
Show threadAlex Maryson15h 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 threadVioletBackpack11h ago
@akamar @ErikUden I mean, the same complaint still applies. The people who worry about the distortion of market incentives for giving food to poor people don’t seem to worry about the distortion of market incentives that comes from bombing a different set of poor people. What do we prioritize? What are we trying to accomplish? A system that maximizes bombing over feeding its own citizens is fucked up.
Show threadAlex Maryson
@VioletBackpack @ErikUden In this sense, I have nothing to object to. War is the greatest distortion of everything we have: money, the market, civilization, ethics, etc
4:40amMoshidon