InsanePeopleFacebook

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Sovcit is trying to steal his car. (lemmy.world)

submitted 3 months ago by BonesOfTheMoon@lemmy.world to c/insanepeoplefacebook@lemmy.world

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[+] VictoriaAScharleau@lemmy.world -13 points 3 months ago (1 children)

economics theory is just story telling. it's not science.

also, being a leftist means opposing rent seeking.

[–] Windex007@lemmy.world 6 points 3 months ago (1 children)

Can you elaborate on your first point and how you relate it to this context?

[–] VictoriaAScharleau@lemmy.world -2 points 3 months ago (1 children)

saying

"they're aware that in an inflationary economy an "interest-free loan" isn't merely a opportunity-cost for the lender, it's a concrete cost.

Is merely repeating a popular myth. The existence of an inflationary economy is a purely rhetorical invention. As is the idea of a concrete cost. Opportunity costs have the same story. They're just ways of understanding the world but they are not objectively true.

So while that user may believe the myth that you articulated, that myth is not itself true.

[–] Windex007@lemmy.world 1 points 3 months ago

Thank you for clarifying what you are thinking