You must log in or register to comment.
It’s really unreasonable how I continue to require food each and every single day despite many attempts to just not.
Sorry everyone! Didn’t mean to let you all down. Will try harder next time.Please stop breathing while you are at it. You are causing global warming!
/S
Yeah, haven’t you ever tried not eating? Or better still, what about just not living! Don’t knock 'til you’ve tried it serfs.
Sorry guys forgot to turn off the inflation switch when I went to pee
Again!? One more time and we’re going to have a serious conversation!
SPEND MORE MONEY YOU POOR FUCKS. YOU CAN’T EXPECT THE 1% TO HELP!
That’s not what the last article is saying at all. It’s saying the opposite. I know you didn’t make this meme, but do you kids even know the definition of inflation.
Try the Australian method. Raise interest rates with the hope that a lot of the population will have less money now and this will lead to spending habit changes that force prices down. That is bound to work especially when it comes to essentials like groceries. Actual outcome
But yes it does mean that people have less money now.
Edit: fixed links
That’s how literally every central bank works. If there’s too much money chasing not enough goods, you get inflation. The only way to solve it is to either make more things or reduce the amount of money. Central banks can’t do anything about the former, so they concentrate on the latter by raising interest rates.
You’re not wrong about interest banks, but in regards to inflation you actually have it backwards. Inflation is the expansion of currency, not the rise of prices. Definitions get entangled because inflation causes a rise in prices, and people don’t know better. Expanding the currency increases the market availability of said currency, thus making it less valuable relative to other goods.
Think about the word inflation. If you inflate something, are you raising it, or making it bigger? Inflating a balloon with helium is not the act of raising the balloon, but rather expanding the balloon. That expansion triggers a rise when it’s helium. Likewise, inflating the currency is to expand the amount of currency.
Inflating the currency too much causes there to be too much money chasing not enough goods, as you describe
We can debate semantics, but the practical reality is that it is how it’s measured and for inflation that’s CPI, which is a measure of prices.
Italian method is even better. Explicitly write on the annual budget law that a priority of all measures is to avoid any increase of salaries. Because it would “add inflation”. Italy has the lowest salaries in EU after Greece…
Suppressing salaries as a response to unsustainable market dynamics is like eating rocks to help you swim upstream
Write it to Giancarlo Giorgetti, but I don’t think he would understand
Inflation doesn’t come from employee salaries or wages. Inflation is an expansion of the currency, and the only thing that can increase the amount of currency is the central bank that generates it.
Your hyperlinks point to “url” unless my app is busted.
Fixed.
I’m pretty sure all of those are real headlines (came across a completely 'shopped NYT headline and writer on X lately - take this as a reminder!) - the last one is real, at least: https://www.theatlantic.com/ideas/archive/2023/12/inflation-prices-buying-habits/676191/
INFLATION IS YOUR FAULT If people are so mad about high prices, why do they keep buying so many expensive things?
By Annie Lowrey
People hate inflation, just not enough to spend less: This is one of the central tensions of to
Rest is paywalled. Anyone have the rest?
Sounds US centric though while inflation is global.
Could try 12ft.io - that’s my go to when trying to get past a paywall to read an article.
I totally read this a ‘rest (as in relaxation) is paywalled’. And yes it is. When moass happens, I’m doing something I have not done in over a decade. Taking a vacation.
Maybe they’re becoming aware that their currency is being inflated away and losing purchasing power every day and are grabbing as much as they can before it vanishes? Dunno, just a thought.
You need a Paywall Bypass solution STAT. You’re missing out on so much content.
deleted by creator
It is satisfying to see a post from our community pop up in my feed while browsing through all.
“Victim blaming isn’t real!” Victim blaming:
https://fred.stlouisfed.org/series/M1SL
I guess I’m the one who printed all the money since 2020.It’s clowns all the way down. Just ask Paul Clownman here.
I didn’t realise I was a high payed ceo price gouging the public
Well, yeah… but that’s kind of the OH!
You mean economic!
4th panel should be:
“This is related to my favorite obsolete funkopop novelty store”
Ha! Eh, kinda sorta.
This is more related to the corruption on Wall Street and associated regulating agencies.
The fact of the matter, at the end of the day and what this community is primarily focused on, is that if you/someone you know holds stocks/retirement securities with a brokerage (TD Ameritrade, Robinhood, Schwab, etc…), you do not - unequivocally - actually own those shares. That lack of true ownership equates to gargantuan loopholes and widespread fraud. It’s known as “street name” registration.
Street name
Registration under which securities maybe held by a broker on behalf of a client but be registered in the name of the Wall Street firm.
https://www.nasdaq.com/glossary/s/street-name
About 83% of people in the markets have “their” stocks in “street name” registration.
Cede owns 83% of all issued stocks in the United States.[6] The other 17% of all issued stocks is owned by directly registered holders through the direct registration system.
@Zuberi is allowed to post memes related to the broader economy –– they don’t have to be specifically about GameStop. If you want, I can make a connection though: supply and demand. Refer to the comment and citation by @Pogogunner on the increase in M1.
The banks have been printing more money (demand), but there is still the same amount of stuff to buy (supply) –– so everything costs more. Short sellers print more shares of companies (supply), but there is still the same number of shareholders (demand) –– so the shares cost less. The high price at the grocery store and the low price of GameStop are both fake –– to the detriment of everyday people who shop and invest.
