Funny meme but also inflation is bad
This is true
Deflation is worse.
Prove it.
Okay, done and concluded. Thank you.
Are you seriously asking for a list of every economic downturn in history?
When prices drop, unemployment goes up, people can’t buy shit, rinse and repeat.
Okay, show me this happening. Because literally every economic crisis I’ve had the privilege to live through, thanks the the Keynesians, the Chicago School of Business types, and Friedmans, has been associated with inflation.
Show me. Prove it. These economists make claims and don’t have to back them up with empirical data or theories that predict future states of the world.
I don’t make the assumption something is true because it sounds good and tells a good story. Prove it.
I think its more weird that in this situation where the cost of goods is raising faster then even the ’ normal ‘ rate faster then wages… you guys respond with it being preferable to the polar opposite…
Sure you may be dying of thirst, but it’s better then drowning! Completely ignoring like reason and stuff.
The situations end up exactly the same. Either things cost more than you can afford, or your money ain’t worth shit to be able to afford anything. The only real difference is which number is fucked up: the price of the goods or the value of your money.
What if we valued labor over ownership of stuff?
Deflation increases the value of money vs. goods and services. As a consequence, deflation concentrates economic power in the hands of people who already have money.
If you have debt, deflation increases the value of your debt making it harder to pay off.
Inflation makes goods aka stocks increase value, which makes rich fucks that live on loans be able to then ask another loan for a bigger amount to pay off the loan from before just because their assets passively rose in value.
It’s the scam by which the ultra rich live by doing absolutely nothing while the rest of us that are saving for a house or whatever see our savings year by year diminished.
Yeah fuck that.
Am explanation repeating the same wrong ideas isn’t a proof
Not necessarily, if you own a home AND your pay slowly goes up to compensate (both of these unfortunately aren’t happening for a lot of people), relative to your income your mortgage goes down.
Or in more generic terms, inflation is good if you borrow money.
Or in more generic terms, inflation is good if you borrow money.
If your interest is less than inflation.
Like my colleague who bought a house for about 1.5% before inflation nearly went to 10. Man.
In this case however, both are bad.
Both is good is more in reference to picking both as the problem is good. Not that either choice is any good lol.
Well inflation IS bad, and at least here is outstripping pay increases for most people.
But those burrito private taxis are probably one of the few things going up in price more slowly than, you know things you actually need.
I haven’t gotten a raise in almost 10 years.
Different companies.
Moved to a different state.
Now I just can’t find work period.
Inflation isn’t the only problem.
I am really sorry. I know how shit it feels being out of work. If you want to vent I’m here.
Says the guy who wonders if Smurfs fuck and talks to strange men in metal bunny costumes.
I mean, both. Frivolous personal spending is bad. Inflation is bad. These two things are both bad, but not in scale. It’s possible to say “Uber Eats is a waste of money”, “Uber is a greedy corporation extracting money without value”, “Corporate taxation has affected prices in a way that’s negative to the consumer”, and “Inflation and trade instability have made it harder to have the lifestyle we expect”.
None of those are contradictory. Some can be changed on a personal level. Some need greater influence involved.
Back in the 90s and aughts you could get pizza or Chinese delivered. Usually only at the cost of throwing a few singles for the driver. While it was probably exploitative of the drivers, it did not take 30% of the value of the meal and send it to a rich moron in Silicon Valley. It was not seen as super luxurious to get pizza delivered on a Friday night.
2019: you could buy a house if you never went to Starbucks!
2025: no one cares how much money you save working from home, get back to work, get back to the kitchen, deal with the tarrifs!
This is stupid. We pay other people to do things we can’t or don’t want to do all the time. That’s what economy is.
The fact that people who order takeout could also cook at home instead doesn’t diminish the impact of the inflation spikes that began with Putlers invasion. You can’t fix the problems of neoliberalism on an individual level.
