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these are in no way nor sense slaveryinflation.
monopolies.
these are in no way nor sense slaveryinflation.
monopolies.
There's a definition of slavery that's stolen, or forced, unpaid labour.these are in no way nor sense slavery
That would make muggers slave owners.There's a definition of slavery that's stolen, or forced, unpaid labour.
Both of those steal your wealth, and indirectly, your labour, without compensation.
It's a Libertarian definition. It's not a great one, it's way too loose.
Other than himself constantly?Has anyone pointed out that technically Tucker Carlson would be part of the Aristocratic Class?
(He's is related to the man referred to as "The Cattle King", the Swanson TV Dinner fortune, and a former Senator. He went to a Private School with its own Golf Course. And his parents live in Chevy Chase.)
And no, inflation doesn't steal wealth. In fact, in ideal circumstances it increases wealth by lowering the worth of debt.
literally everyone who knows of his history including himself. also in case you didn't know some other obvious things everyone knows. Donald Trump has cheated on his wives and been divorced. Joe Biden is loosing what little mind he had. and Nanci Pelosi is really good at picking stocks for some strange reason.Has anyone pointed out that technically Tucker Carlson would be part of the Aristocratic Class?
(He's is related to the man referred to as "The Cattle King", the Swanson TV Dinner fortune, and a former Senator. He went to a Private School with its own Golf Course. And his parents live in Chevy Chase.)
Yes, inflation does steal wealth. It can, and does, lower effective debt in the process, but if you have savings, inflation means they are less valuble over time. That value is taken by those who print the money, from those who save it.
As for wealth itself? A unstable money supply is bad for investing in creation of things that create more goods and services, overall. You can play games with finance to make more money, but for actual wealth creation? No, not a good time.
Speaking of Nancy...is she still moving to Florida or will it be New York?literally everyone who knows of his history including himself. also in case you didn't know some other obvious things everyone knows. Donald Trump has cheated on his wives and been divorced. Joe Biden is loosing what little mind he had. and Nanci Pelosi is really good at picking stocks for some strange reason.
If inflation exists, money, as a store of value, slowly reduces in value.If you primarily store your wealth in savings, yes. If you do that you're also an idiot, as every bank collapse ever has shown.
Unless you're in debt, in which case it creates wealth for you.If inflation exists, money, as a store of value, slowly reduces in value.
That's a fact. As is, pretty much every payment is made in money. You can exchange it for something more durable, value wise, but it doesn't change that the medium of exchange will steal a bit of your value every moment they can.
Unless you're in debt, in which case it creates wealth for you.
Assuming you don't have too much debt, sure.
It's pushes risky behavour, and screws over people who plan longer term in a bunch of ways.
Inflation is, long term, a really bad thing.
No it isn't, too much inflation is but low levels are perfectly reasonable.
Effectively everyone that's bought a car or a house is in enough debt that inflation helps them.
True, but that's everything in the economy. Deflation hurts those with debts and investments while helping those with savings. It also happens to be infinitely harder to cause without making everything collapse. Inflation happens on its own as productivity and population increases.Sure, but it is a risk they're taking.
And, sometimes it doesn't pay off.
based on how MMT and modern economists describe things if you increase your amount of currency by more than GDP grows that is your inflation rate. similarly if GDP growth outpaces your increase in currency that is deflation. this also means that 0% inflation happens if you increase the money supply by exactly GDP growth. generally they settle on saying that a small inflationary rate of between 1%-2% is acceptable and stable enough for the average person to work through.True, but that's everything in the economy. Deflation hurts those with debts and investments while helping those with savings. It also happens to be infinitely harder to cause without making everything collapse. Inflation happens on its own as productivity and population increases.
Has anyone pointed out that technically Tucker Carlson would be part of the Aristocratic Class?
(He's is related to the man referred to as "The Cattle King", the Swanson TV Dinner fortune, and a former Senator. He went to a Private School with its own Golf Course. And his parents live in Chevy Chase.)
Yup.Inflation is anti-Robin Hood who robb poor and give money to rich.Inflation harms pensions and savings, and causes a spiral where prices always increase while wages lag. Purchasing power decreases. In summation: inflation punishes work, punishes savings, punishes responsibility, and punishes the elderly who put in the money but get shafted because their pensions got pissed away.
It rewards those who act irresponsibly.
Know this: everything must be paid for. Inflation simply means that a lot of (say) student debt gets paid off by robbing pensioners. A steel welder who worked his whole life gets his pension slashed so an aspiring doctor who will soon make huge sums can be 'relieved' of his debt. Or worse: an obese purple-haired feminist who "studied" intersectional postcolonialism gets her debt paid off by robbing the workers and retirees, because she "needs the help"... because (surprise!) she can't find a job with her useless degree.
Inflation helps those who don't need it and/or don't deserve it, while robbing honest folk. The only people who support inflation are either opportunistic parasites who benefit from this highway robbery, or economically illiterate morons. Evil or stupid.
Not really, that is economic based on not being a nuclear superpower and having control of most of the global financial system.Inflation harms pensions and savings, and causes a spiral where prices always increase while wages lag. Purchasing power decreases. In summation: inflation punishes work, punishes savings, punishes responsibility, and punishes the elderly who put in the money but get shafted because their pensions got pissed away.
It rewards those who act irresponsibly.
Know this: everything must be paid for. Inflation simply means that a lot of (say) student debt gets paid off by robbing pensioners. A steel welder who worked his whole life gets his pension slashed so an aspiring doctor who will soon make huge sums can be 'relieved' of his debt. Or worse: an obese purple-haired feminist who "studied" intersectional postcolonialism gets her debt paid off by robbing the workers and retirees, because she "needs the help"... because (surprise!) she can't find a job with her useless degree.
Inflation helps those who don't need it and/or don't deserve it, while robbing honest folk. The only people who support inflation are either opportunistic parasites who benefit from this highway robbery, or economically illiterate morons. Evil or stupid.