Thread

1. qalmakka · 1789627325 · focus · HN ↗

   This is basically self inflicted, as usual messing up in the Middle East always ends up with consumer paying the price for their ruler's stupidity

   "Oh no, my drinking water tastes like crap after I pooped in the well"

   1. anovikov · 1789632395 · focus · HN ↗

      But unlike in the old days, US wins from higher prices. Even consumers wins (because they make more money on average, and their imported goods are cheaper because balance of payments shifts in US favour because of oil exports).

      Voters are furious because of psychological factor of gas prices (purely psychological, it has nothing to do with economy or people's purchasing power). It bites politician's asses real hard.

      So, Trump undermined himself by launching that war - but others are fine.

      1. cgio · 1789633269 · focus · HN ↗

         Do they make more money on average? Does any additional income cover the increase in cost of living? Becoming psychologically poor is much harder than becoming psychologically rich. I doubt that balance of payments goes anywhere near your average Joe’s pocket.

         1. anovikov · 1789649716 · focus · HN ↗

            I mean, it's rather absurd to claim that "a net exporter country loses out because of increase in price of the commodity in question".

            1. cgio · 1789697450 · focus · HN ↗

               The country not in total, individuals though could overwhelmingly lose.

Unofficial Hacker News client; not affiliated with Y Combinator.