Twitterverse SHOOK: Jack Dorsey Tweets ‘Hyperinflation’ Is ‘Happening’

October 23rd, 2021 12:44 AM

Liberal Twitter CEO Jack Dorsey shocked the Twitterverse with a warning about impending hyperinflation in the world, and predicted it would soon hit the United States.

Dorsey, who oversees one of the largest offenders of Big Tech censorship, didn’t pull any punches about the danger: “Hyperinflation is going to change everything. It’s happening.” 

Twitter went berserk, with over 3,600 retweets and over 15,000 likes just over an hour after the tweet was posted. 

But as if that tweet wasn’t explosive enough, Dorsey tweeted again, responding to a tweet by mobile payments company Paga CEO Tayo Oviosu.

Oviosu wrote: “Yup...we live with this built in our mental models in Nigeria...inflation is currently 16%.” Dorsey quickly wrote back: “It will happen in the US soon, and so the world.”  

Dorsey was slammed by leftist media types on Twitter, with everything from accusations of being “functionally illiterate about macroeconomics” to flat out rejections of his prediction. 

Dorsey may be entertaining a libertarian economic view of the world economy. In August, he shook up Twitter by tweeting a link to economist Murray Rothbard’s book, Anatomy of the State. Dorsey’s sudden involvement in the inflation debate could be a continuation of that trend:

The Washington Post even conceded recently on inflation that “American families and businesses are altering their habits as they increasingly believe high prices are here to stay.”

The Twitter reactions to Dorsey’s red-pilled tweets were a mix of shock, fear, anger, dismissal and support.

Former Libertarian Party presidential candidate Austin Petersen expressed his solidarity with Dorsey’s sentiments: “Thank you for saying this, yes you are correct.”

He continued: “You tweeted Anatomy of the State recently. Please read more of those same ideas and share them with your audience. Please read Hayek, Bastiat, and Hazlitt you will be glad you did. If you already have, please share.”

Several media figures criticized the prediction.

Axios chief financial correspondent Felix Salmon tried to slap down Dorsey: “Narrator: Hyperinflation was not happening.”

Talking Points Memo Editor Josh Marshall was triggered and accused Dorsey of being illiterate on macroeconomics. He also accused Dorsey of entertaining libertarian fantasies.

NBC News Business Correspondent Stephanie Ruhle tried to gaslight Twitter users by suggesting Dorsey had ulterior motives in mind: “Conveniently - crypto is a fave inflation hedge & jack loves crypto.”

MSNBC host Chris Hayes was shocked:

Human Rights Foundation Chief Strategy Officer Alex Gladstein accused that anyone shocked by Dorsey’s tweet was living in a “bubble of financial privilege” and noted inflation as “one of the world’s biggest humanitarian crises.”

Tufts University Professor of International Politics Daniel Drezner tried to use his own experience in Ukraine to arbitrarily dismiss Dorsey’s tweet: “I lived through actual hyperinflation in Ukraine in the early 1990s. This ain’t it mate.”

Dorsey had recently come under fire for trolling Congress on Twitter during a live hearing on “misinformation,” according to Reuters. Twitter has become notorious for silencing conservatives and banning President Donald Trump. In addition, Twitter actively interfered in the 2020 election by censoring the Hunter Biden laptop story.

Conservatives are under attack. Contact ABC News (818-460-7477), CBS News (212-975-3247) and NBC News (212- 664-6192) and demand they report Dorsey’s tweets on inflation during their Oct. 25 evening broadcasts.