Jack Dorsey Is Right About Inflation – Partly

Jack Dorsey Is Right About Inflation – Partly
Twitter and Square CEO Jack Dorsey caused a stir among mainstream economic and political commentators when he tweeted last week about a threat to society from hyperinflation.Hyperinflation is going to change everything. It’s happening.— jack⚡️ (@jack) October 23, 2021MSNBC’s Chris Hayes called it an “incredibly revealing tweet,” later suggesting it was self-servingly motivated by Dorsey being “heavily into crypto.” Calling the United States’ current bout of rising prices “hyperinflation,” Hayes said, is akin to promoting the antiparasitic drug Ivermectin as a cure for COVID-19. Wired columnist Virginia Hefferman called Dorsey’s tweet “insanely reckless,” suggesting that someone with his reach can…