Lol, this is why hate I economists. Thanks for telling people they’re wrong for wanting things to be more affordable rather than providing economic solutions to making things more affordable. It leaves less than desirable political solutions like Trump’s fascism to step into the fray and offer something instead.
Wishing for deflation in a vacuum means reducing demand, which typically a sign of depression in the economy.
If you want to decrease prices without collapsing the economy, you are going to need significant government intervention. Fortune doesn’t want to tout that as an option since their readers would likely be affected by higher taxes due to this.
“Economists” are to capitalism what the priest class was to the feathered serpent: professional assuagers whose job is to rationalize and justify human sacrifice.
I mean thought it was temporary. It wouldn’t require deflation, just market forces to rebalance. I also didn’t think corporations would go hog wild raising prices…soooo…yeah.
Lol, this is why hate I economists. Thanks for telling people they’re wrong for wanting things to be more affordable rather than providing economic solutions to making things more affordable. It leaves less than desirable political solutions like Trump’s fascism to step into the fray and offer something instead.
Wishing for deflation in a vacuum means reducing demand, which typically a sign of depression in the economy.
If you want to decrease prices without collapsing the economy, you are going to need significant government intervention. Fortune doesn’t want to tout that as an option since their readers would likely be affected by higher taxes due to this.
“Economists” are to capitalism what the priest class was to the feathered serpent: professional assuagers whose job is to rationalize and justify human sacrifice.
It’s probably the same economists that claimed the inflation was temporary, which would require deflation to also happen to be true…
I mean thought it was temporary. It wouldn’t require deflation, just market forces to rebalance. I also didn’t think corporations would go hog wild raising prices…soooo…yeah.