Isn 't Inflation

[sadiehawkins]

just part of how capitalism works? Up and down goes the economy?So why are people bitching? What would HROT have done to fix this inflation thing?

 

[Whatsgoingonwitgyouguys0190]

just part of how capitalism works? Up and down goes the economy?So why are people bitching? What would HROT have done to fix this inflation thing?

Got 2 or three.guys on the side of that boat and dislodged it in about an hour. Forced people into trucker jobs, threw a football over a mountain.

 

[ChrisVarick]

In theory capitalism would be deflationary because there is an incentive to provide goods and services more efficiently and at a lower cost.

People are bitching about inflation because it is greatly reducing purchasing power. It also disproportionally effects lower income people and those that are young and have few assets.

Increasing home values seem nice to owners. It is sole crushing for someone leaving school with debt, prices are increasing so it is difficult to save money and a starter house costs $300,000 in the Iowa City area (as interest rates and property taxes increase).

Governments love inflation. It decreases the real value of their debt. It pushes up peoples income and forces them to pay more taxes. We put our trust in central bankers with the policy of our money. Just froth and no bubble in 2007? Just transitory in 2021? Either they have no idea what they are doing or they know exactly what they are doing for their own benefit.

 

[BelemNole]

In theory capitalism would be deflationary because there is an incentive to provide goods and services more efficiently and at a lower cost.

People are bitching about inflation because it is greatly reducing purchasing power. It also disproportionally effects lower income people and those that are young and have few assets.

Increasing home values seem nice to owners. It is sole crushing for someone leaving school with debt, prices are increasing so it is difficult to save money and a starter house costs $300,000 in the Iowa City area (as interest rates and property taxes increase).

Governments love inflation. It decreases the real value of their debt. It pushes up peoples income and forces them to pay more taxes. We put our trust in central bankers with the policy of our money. Just froth and no bubble in 2007? Just transitory in 2021? Either they have no idea what they are doing or they know exactly what they are doing for their own benefit.

Need better shoes.