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Uber Eats or something idk

Scheduled Pinned Locked Moved Lemmy Shitpost
lemmyshitpost
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  • N [email protected]

    Deflation increases the value of money vs. goods and services. As a consequence, deflation concentrates economic power in the hands of people who already have money.

    If you have debt, deflation increases the value of your debt making it harder to pay off.

    tropicaldingdong@lemmy.worldT This user is from outside of this forum
    tropicaldingdong@lemmy.worldT This user is from outside of this forum
    [email protected]
    wrote on last edited by
    #22

    Am explanation repeating the same wrong ideas isn't a proof

    1 Reply Last reply
    2
    • S [email protected]

      Are you seriously asking for a list of every economic downturn in history?

      When prices drop, unemployment goes up, people can't buy shit, rinse and repeat.

      explodicle@sh.itjust.worksE This user is from outside of this forum
      explodicle@sh.itjust.worksE This user is from outside of this forum
      [email protected]
      wrote on last edited by
      #23

      We've had inflation as we know it since the 1970s and still had economic downturns since then. Were we simply not printing money hard enough?

      1 Reply Last reply
      2
      • kolanaki@pawb.socialK [email protected]

        The situations end up exactly the same. Either things cost more than you can afford, or your money ain't worth shit to be able to afford anything. The only real difference is which number is fucked up: the price of the goods or the value of your money.

        D This user is from outside of this forum
        D This user is from outside of this forum
        [email protected]
        wrote on last edited by
        #24

        Sounds like an intrinsic flaw of monetary based economics then.

        Maybe we should do something about it? It isn't like alternatives don't exist.

        1 Reply Last reply
        4
        • tropicaldingdong@lemmy.worldT [email protected]

          Okay, show me this happening. Because literally every economic crisis I've had the privilege to live through, thanks the the Keynesians, the Chicago School of Business types, and Friedmans, has been associated with inflation.

          Show me. Prove it. These economists make claims and don't have to back them up with empirical data or theories that predict future states of the world.

          I don't make the assumption something is true because it sounds good and tells a good story. Prove it.

          skullgrid@lemmy.worldS This user is from outside of this forum
          skullgrid@lemmy.worldS This user is from outside of this forum
          [email protected]
          wrote on last edited by
          #25

          Keynesians, the Chicago School of Business types, and Friedmans,

          one of these is not like the others

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          0
          • N [email protected]

            Deflation increases the value of money vs. goods and services. As a consequence, deflation concentrates economic power in the hands of people who already have money.

            If you have debt, deflation increases the value of your debt making it harder to pay off.

            T This user is from outside of this forum
            T This user is from outside of this forum
            [email protected]
            wrote on last edited by
            #26

            If deflation was persistent, couldn't debt have a very low or even negative interest rate?

            explodicle@sh.itjust.worksE 1 Reply Last reply
            2
            • S [email protected]

              Funny meme but also inflation is bad

              V This user is from outside of this forum
              V This user is from outside of this forum
              [email protected]
              wrote on last edited by
              #27

              No inflation would mean that we would have no interest on our bank accounts, no wage increases, no profit increases etc. It is part of the circular economy, and it can work according to that theory, but we all together need to reform starting with the massive companies.

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              1
              • S [email protected]

                Funny meme but also inflation is bad

                B This user is from outside of this forum
                B This user is from outside of this forum
                [email protected]
                wrote on last edited by
                #28

                Not necessarily, if you own a home AND your pay slowly goes up to compensate (both of these unfortunately aren't happening for a lot of people), relative to your income your mortgage goes down.

                Or in more generic terms, inflation is good if you borrow money.

                explodicle@sh.itjust.worksE A underpantsweevil@lemmy.worldU 3 Replies Last reply
                10
                • F [email protected]

                  Inflation makes goods aka stocks increase value, which makes rich fucks that live on loans be able to then ask another loan for a bigger amount to pay off the loan from before just because their assets passively rose in value.

                  It's the scam by which the ultra rich live by doing absolutely nothing while the rest of us that are saving for a house or whatever see our savings year by year diminished.

                  Yeah fuck that.

                  V This user is from outside of this forum
                  V This user is from outside of this forum
                  [email protected]
                  wrote on last edited by
                  #29

                  The issue is that they even get loans when they have no real collateral to give.

                  Most people also have savings or a pension fund which is indirectly put into the stock market, that's how you get interest etc.

                  1 Reply Last reply
                  0
                  • B [email protected]

                    Not necessarily, if you own a home AND your pay slowly goes up to compensate (both of these unfortunately aren't happening for a lot of people), relative to your income your mortgage goes down.

                    Or in more generic terms, inflation is good if you borrow money.

                    explodicle@sh.itjust.worksE This user is from outside of this forum
                    explodicle@sh.itjust.worksE This user is from outside of this forum
                    [email protected]
                    wrote on last edited by
                    #30

                    Inflation was added to your mortgage rate. And now that everyone saves with real estate instead of saving money, the cost of real estate is very high.

                    So while your payments do go down over time, your hours worked to either rent or own have gone up.

                    B 1 Reply Last reply
                    1
                    • T [email protected]

                      If deflation was persistent, couldn't debt have a very low or even negative interest rate?

                      explodicle@sh.itjust.worksE This user is from outside of this forum
                      explodicle@sh.itjust.worksE This user is from outside of this forum
                      [email protected]
                      wrote on last edited by
                      #31

                      Who would lend at a negative rate besides friends and family? Here's a bar of gold, please give me back half a bar of gold in a year.

                      T 1 Reply Last reply
                      2
                      • N [email protected]

                        Deflation increases the value of money vs. goods and services. As a consequence, deflation concentrates economic power in the hands of people who already have money.

                        If you have debt, deflation increases the value of your debt making it harder to pay off.

                        explodicle@sh.itjust.worksE This user is from outside of this forum
                        explodicle@sh.itjust.worksE This user is from outside of this forum
                        [email protected]
                        wrote on last edited by
                        #32

                        How are you measuring the concentration of economic power - Gini coefficient?

                        1 Reply Last reply
                        0
                        • explodicle@sh.itjust.worksE [email protected]

                          Who would lend at a negative rate besides friends and family? Here's a bar of gold, please give me back half a bar of gold in a year.

                          T This user is from outside of this forum
                          T This user is from outside of this forum
                          [email protected]
                          wrote on last edited by
                          #33

                          Yeah I don't really understand that part either, but it has happened

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                          0
                          • B [email protected]

                            Not necessarily, if you own a home AND your pay slowly goes up to compensate (both of these unfortunately aren't happening for a lot of people), relative to your income your mortgage goes down.

                            Or in more generic terms, inflation is good if you borrow money.

                            A This user is from outside of this forum
                            A This user is from outside of this forum
                            [email protected]
                            wrote on last edited by
                            #34

                            Or in more generic terms, inflation is good if you borrow money.

                            If your interest is less than inflation.

                            Like my colleague who bought a house for about 1.5% before inflation nearly went to 10. Man.

                            B B B natenate60@lemmy.worldN 4 Replies Last reply
                            7
                            • tropicaldingdong@lemmy.worldT [email protected]

                              Okay, show me this happening. Because literally every economic crisis I've had the privilege to live through, thanks the the Keynesians, the Chicago School of Business types, and Friedmans, has been associated with inflation.

                              Show me. Prove it. These economists make claims and don't have to back them up with empirical data or theories that predict future states of the world.

                              I don't make the assumption something is true because it sounds good and tells a good story. Prove it.

                              S This user is from outside of this forum
                              S This user is from outside of this forum
                              [email protected]
                              wrote on last edited by
                              #35

                              The Great Depression.

                              1 Reply Last reply
                              1
                              • match@pawb.socialM [email protected]

                                a search for "inflation" on a furry website with thousands of results
                                a search for deflation on a furry website with only 164 results

                                K This user is from outside of this forum
                                K This user is from outside of this forum
                                [email protected]
                                wrote on last edited by
                                #36

                                you don't see very clear QEDs on the internet very often but it's always nice to see the reliance on data

                                1 Reply Last reply
                                0
                                • A [email protected]

                                  Or in more generic terms, inflation is good if you borrow money.

                                  If your interest is less than inflation.

                                  Like my colleague who bought a house for about 1.5% before inflation nearly went to 10. Man.

                                  B This user is from outside of this forum
                                  B This user is from outside of this forum
                                  [email protected]
                                  wrote on last edited by
                                  #37

                                  Biggest reason why I started paying an extra 1k for housing per month... In 5 years, my crappy "luxury" apartment will cost more per month than my house. In 10 years, people will think it's insane how cheap my house is per month.

                                  Or the country could collapse and my property will be worthless, but at that point I got bigger problems.

                                  1 Reply Last reply
                                  1
                                  • match@pawb.socialM [email protected]

                                    a search for "inflation" on a furry website with thousands of results
                                    a search for deflation on a furry website with only 164 results

                                    B This user is from outside of this forum
                                    B This user is from outside of this forum
                                    [email protected]
                                    wrote on last edited by
                                    #38

                                    I think you are required to make deflation porn a thing now. It's like a rule.

                                    I'm imagining some dude getting sucked off so hard he turns into dust or a raisin.

                                    1 Reply Last reply
                                    0
                                    • match@pawb.socialM [email protected]

                                      a search for "inflation" on a furry website with thousands of results
                                      a search for deflation on a furry website with only 164 results

                                      A This user is from outside of this forum
                                      A This user is from outside of this forum
                                      [email protected]
                                      wrote on last edited by
                                      #39

                                      For the longest time on 4chan’s literature board (which was a pretty useful and interesting place overall), there was a guy who would spam pictures and fan fiction of the girl from Willy Wonka getting turned into a blueberry.

                                      I have weird fetishes, so I don’t judge too much, but wtf.

                                      1 Reply Last reply
                                      2
                                      • obviouslynotbanana@lemmy.worldO [email protected]
                                        This post did not contain any content.
                                        anunusualrelic@lemmy.worldA This user is from outside of this forum
                                        anunusualrelic@lemmy.worldA This user is from outside of this forum
                                        [email protected]
                                        wrote on last edited by
                                        #40

                                        Burritos should ride on the bus.

                                        N 1 Reply Last reply
                                        8
                                        • B [email protected]

                                          Not necessarily, if you own a home AND your pay slowly goes up to compensate (both of these unfortunately aren't happening for a lot of people), relative to your income your mortgage goes down.

                                          Or in more generic terms, inflation is good if you borrow money.

                                          underpantsweevil@lemmy.worldU This user is from outside of this forum
                                          underpantsweevil@lemmy.worldU This user is from outside of this forum
                                          [email protected]
                                          wrote on last edited by [email protected]
                                          #41

                                          inflation is good if you borrow money

                                          at below the rate of inflation

                                          Inflation going to 2% to 6% when you've got a credit card with a 30% APY is of very marginal benefit.

                                          B natenate60@lemmy.worldN 2 Replies Last reply
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