this post was submitted on 12 Feb 2025
234 points (98.3% liked)
shitposting
1842 readers
472 users here now
Rules •1. No Doxxing •2. No TikTok reposts •3. No Harassing •4. Post Gore at your own discretion, Depends if its funny or just gore to be an edgelord.
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
"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 ratcheting 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.
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.