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

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 14 points 4 months ago (2 children)

I think what they're saying is that despite being "left", 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.

[–] [email protected] 6 points 4 months ago

They are indeed! Thanks for the translation. 👍

[+] [email protected] -13 points 4 months ago (1 children)

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

also, being a leftist means opposing rent seeking.

[–] [email protected] 6 points 4 months ago (1 children)

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

[–] [email protected] -2 points 4 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.

[–] [email protected] 1 points 4 months ago

Thank you for clarifying what you are thinking