Thread: Is Inflation all bs? srs
06-16-2021, 11:43 AM
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#31
^^^In case yall don't watch; inflation is taxation without representation. This is how Biden is funding his communist policies. "Inflation is made in one place; Washington, by printing money.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
06-16-2021, 11:47 AM
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#32
Originally Posted By saltypits⏩
Slightly higher than inflation.How high?
So in a healthy economy, 3-5%.
Interest rates were never meant to be used as a tool for the wealthy to leverage to the fuarking gills to get rich.
They were meant to be used in the event of an economic downturn to push the economy out of the rut.
Unfortunately, like most things, the wealthy found out how to turn it into their own money printing machine, literally.
Misc Entrepreneur Crew
06-16-2021, 11:48 AM
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#33
- truesteez
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- truesteez
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Originally Posted By Ken-O⏩
This, OP. Are you 12 or just a *******?Inflation doesnt mean "rise in price caused by printing of money". It means "loss of value of money", regardless of the cause. That means the 10k you had in your bank since last year is worth less now. Its still 10k but you cant buy the same you could buy last year.
And yea, a lot of these shortages are BS but it helps when big corps want to sell you more toilet paper at a higher price
06-16-2021, 11:55 AM
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#34
Originally Posted By Ken-O⏩
False. That's exactly what it means. Too much money in circulation. Watch the video I posted and listen to Professor Friedman prove this both historically and in present day. It doesn't matter what the currency, be it growing more tobacco, mining more gold, collecting more seashells...this is what lead to Gresham's law. Inflation is the product of too much money.Inflation doesnt mean "rise in price caused by printing of money". It means "loss of value of money", regardless of the cause. That means the 10k you had in your bank since last year is worth less now. Its still 10k but you cant buy the same you could buy last year.
Present day politicians don't want you to know that though, because it represent ideals that are unconstitutional.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
06-16-2021, 12:15 PM
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#35
- DizzySmalls
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Originally Posted By MiscMathematician⏩
The very existence of the mcdouble was already a decline in value, as they took away a piece of cheese from the proper double cheeseburger that used to be a $1.mcdoubles went up almost 200% in 10 years
Never forget
06-16-2021, 03:10 PM
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#36
Originally Posted By lockdev⏩
So the US prime rate has been around that range since the tech crash. It went higher before the 08 crash too.Slightly higher than inflation.
So in a healthy economy, 3-5%.
Interest rates were never meant to be used as a tool for the wealthy to leverage to the fuarking gills to get rich.
They were meant to be used in the event of an economic downturn to push the economy out of the rut.
Unfortunately, like most things, the wealthy found out how to turn it into their own money printing machine, literally.
So in a healthy economy, 3-5%.
Interest rates were never meant to be used as a tool for the wealthy to leverage to the fuarking gills to get rich.
They were meant to be used in the event of an economic downturn to push the economy out of the rut.
Unfortunately, like most things, the wealthy found out how to turn it into their own money printing machine, literally.
https://casaplorer.com/prime-rates
06-16-2021, 03:21 PM
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#37
- TypeNirvash
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It's 2021, reality is whatever you want it to be if you're convincing enough.
06-16-2021, 03:25 PM
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#38
Originally Posted By lockdev⏩
Remember that people will always take advantage. The market reacts to government interference and they will do so in their own best interest. This is why the market is generally left best alone. This is what most people don’t understand, it’s not that they’re greedy, it’s that individuals will always act in their own best interest and if that means exploiting the government’s overreach, they will do it.Slightly higher than inflation.
So in a healthy economy, 3-5%.
Interest rates were never meant to be used as a tool for the wealthy to leverage to the fuarking gills to get rich.
They were meant to be used in the event of an economic downturn to push the economy out of the rut.
Unfortunately, like most things, the wealthy found out how to turn it into their own money printing machine, literally.
So in a healthy economy, 3-5%.
Interest rates were never meant to be used as a tool for the wealthy to leverage to the fuarking gills to get rich.
They were meant to be used in the event of an economic downturn to push the economy out of the rut.
Unfortunately, like most things, the wealthy found out how to turn it into their own money printing machine, literally.
This is why I am of the belief that government interference corrupts. Just like the Poor in low income exploit the welfare state, the rich exploit inflation. This is a fact of human nature that people tend to ignore and they don’t see the cause-and-effect
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
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