this post was submitted on 07 Feb 2024
185 points (90.4% liked)
Memes
45581 readers
1 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 6 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
So why is there always inflation? Maybe we're living off the future?
Politicians and CEOs all have the inflation fetish. Simple
The federal reserve giving money to banks to give out as loans is why inflation is skyrocketing
An inflation rate of around 2% is healthy. It forces people to invest in stuff. If there wasn’t inflation, people would just hide their cash under their mattress, no loans would be given to anyone, it would be bad.
So because of infinite growth? But we know that's not sustainable.
Infinite growth is fine when the thing growing isn't real, like money. Money is not a resource we find in reality, it's purely a human-made representation of value. It's only when it spreads to real resources does infinite growth become a problem.
https://wtfhappenedin1971.com
No thanks. There are enough proer explanations without engaging in lolbertarian/goldbug conspiracies.
The Nixon Shock isn't a conspiracy
No, but that website is still idiotic. Nixon shock isn't the sole reason either.
Do you have a link to share?
A link for?