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Explaining the inflation rate (lemmy.world)

submitted 3 months ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] Kolanaki@yiffit.net 52 points 3 months ago (23 children)

Hey, I was told that everything that goes up must come down. So where the hell is the deflation?

[–] PoopingCough@lemmy.world 49 points 3 months ago (16 children)

I know this is a joke but deflation can be scary too. Basically if it becomes a pattern then consumer spending will crater since people know if they wait their money will be with more in the future. Obviously this effect is less on stuff people have to buy to survive but it's still not desired.

[–] hannesh93 29 points 3 months ago (1 children)

Yeah inflation means noone can afford stuff but there is almost maximum employment

Deflation results in a lot of stores shutting down since noone is buying anything anymore

High inflation can mean noone can afford more expensive stuff, too, and that those shut down - but generally it's a better idea to have a small amount of inflation

[–] prole@lemmy.blahaj.zone 1 points 3 months ago (2 children)

It's almost as if capitalism is unsustainable.

[–] theneverfox@pawb.social 4 points 3 months ago

That's just because you don't understand economics well enough

See, we print extra money when we create debt, which is a great big brain way to scale a very stable and very logical system. It scales with debt, which is basically wealth, right? And as long as everything always grows, ~~people and enterprises are essentially taxed by the banks for everything that produces the underlying things money represents~~ the economy grows. And everyone knows you either grow or die, that's just basic biology... Why do we need a system that makes money after we're dead?

How else would you do it? Have the government print money? How would they know how much to print? Math? Economics are too complex for math, otherwise the economic models I believe in ~~religiously~~ would make accurate predictions.

The solution is obvious - we just have to capitalism harder.

[–] ieatpillowtags@lemm.ee -1 points 3 months ago (1 children)

And yet here we are, sustaining it. Unless you can convince anybody that won’t continue, you won’t have much luck arguing against it.

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