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1135 points carride | 2 comments | | HN request time: 0s | source
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qwe----3 ◴[] No.32411651[source]
> over $30,000 for each of those homes to get served

This doesn't seem very efficient to me.

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fourthark ◴[] No.32411831[source]
At $55/mo, he'll start making a profit in 45 years.
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TrueGeek ◴[] No.32411957[source]
From the article: he had $2.6MM in help from the "American Rescue Plan's Coronavirus State and Local Fiscal Recovery Funds".

He's being paid by the government to bring Internet access to homes in the state that aren't currently wired for it.

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qwe----3 ◴[] No.32412037[source]
That bill and these types of projects are basically why we have 10% inflation now.
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cgeier ◴[] No.32412142{3}[source]
How does spending a lot of government money make goods and service more expensive?

EDIT: At least here in Western Europe, we mostly have a supply side inflation, because energy got a lot more expensive, not because the government has been "printing" a lot of money. I suspect it's the same in the US.

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pwinnski ◴[] No.32412665[source]
Yes, inflation is currently a world-wide issue, and explanations at the world level lead somewhat obviously to the pandemic and Russia's invasion of the Ukraine.

But here in the USA, people like to believe it must be political and local, completely unrelated to the totally-coincidental worldwide issue that happens to be very similar.

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1. Bloating ◴[] No.32412827{5}[source]
>But, here in the USA people like to believe it must be political...

Cool, whats your prognoses for effectiveness of the Reduce Inflation Act

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2. pwinnski ◴[] No.32412924[source]
I'm in favor of the bill, but the name is stupid, even misleading. The spending is largely good, but it won't have much effect on inflation, if any.