This is wrong.
In fact, the reason for inflation is exactly this - Printing money inflates the general supply, which robs you of your purchasing power, aka, makes every piece of money less valuable because there is more of it.
What we need is good, hard, sound money, that cannot be printed into oblivion by a select few who deem it necessary.
Gold was this until 1971. But synthatic gold (adds to inflation) has become a problem, plus it’s not hard-capped, inflation is just slow.
Obviously, we all know the solution by now, or have heard of it, so I’ll just let time do the rest.
I know you’re just trying to be helpful but this is !shitposting@lemmy.ml and the way I see it, the more money you have the more you can spend and I wanna spend BIG.
“Inflation” is being driven by broad spectrum price gouging across the narrow “competition” that exists now within each necessary component of American life. Essentially a bunch of cartels and legalized monopolies are racheting up their margins to ensure that their shareholders see continual profit gains, quarter on quarter.
It has very little to do with money supply, at this point.
Why do you think we’ve been seeing concurrent record profits from public and private corporate sectors, while the middle class has been leaning more and more on credit? The two are directly linked; this is a wholesale extraction of wealth from the plebes to the upper wealth layer via corporate collusion and governmental willful blindness.
It’s a smash and grab job before the curtain falls, because it’s certainly not sustainable.
If you have that one guy who requests a lot of money and then pays literally nothing to its workers and just keeps that money like its a Mario collection you need to keep… then no amount of “more money in general” will improve our situation
How about we just make more money? Like not us individually but there should just be more money in general
This is wrong. In fact, the reason for inflation is exactly this - Printing money inflates the general supply, which robs you of your purchasing power, aka, makes every piece of money less valuable because there is more of it.
What we need is good, hard, sound money, that cannot be printed into oblivion by a select few who deem it necessary.
Gold was this until 1971. But synthatic gold (adds to inflation) has become a problem, plus it’s not hard-capped, inflation is just slow.
Obviously, we all know the solution by now, or have heard of it, so I’ll just let time do the rest.
I know you’re just trying to be helpful but this is !shitposting@lemmy.ml and the way I see it, the more money you have the more you can spend and I wanna spend BIG.
“Inflation” is being driven by broad spectrum price gouging across the narrow “competition” that exists now within each necessary component of American life. Essentially a bunch of cartels and legalized monopolies are racheting up their margins to ensure that their shareholders see continual profit gains, quarter on quarter.
It has very little to do with money supply, at this point.
Why do you think we’ve been seeing concurrent record profits from public and private corporate sectors, while the middle class has been leaning more and more on credit? The two are directly linked; this is a wholesale extraction of wealth from the plebes to the upper wealth layer via corporate collusion and governmental willful blindness.
It’s a smash and grab job before the curtain falls, because it’s certainly not sustainable.
TIL Japan doesn’t exist.
Japan has deflation problems despite having the money printers going full blast for the last 25-30 years.
If you have that one guy who requests a lot of money and then pays literally nothing to its workers and just keeps that money like its a Mario collection you need to keep… then no amount of “more money in general” will improve our situation
To every Mario there’s a Luigi, let the brothers work this one out on their own I say
I wish every Mario has a Luigi.
I guess it depends how greedy they are. That one Healthcare CEO was really greedy, so he got the final Collection complete with Luigi