Be nice
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That could actually make it a viable currency. Unless you mean the entirety of all bitcoin in which case lol.
I think there are cryptos that fix their value to the dollar
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Henceforth, $1 shall cost $1. Inflation solved.
Does this one need a sarcasm tag? I don't like using em but this joke is going to start zero fun conversations
The genie just made 1 US Dollar equal to 1 Australian dollar. One problem solved, another created.
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I didn't understand this. Could I have an example?
You want to sell an apple for 3€. That is 6 × 50 ct. For every 50 ct you ask in price you have to pay 1€. Therefore if you ask a price of 3€ for an apple you have to pay 6 × 1€ = 6€.
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US government for 1 dollar? Count me in
No thanks it's gone rotten
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Raising a child.
That should cover like 90% of everything for everyone, even if you don't have kids.
How is this hypothetical child being raised? Are we talking Capri sun here or Tropicana. Do they get an iPad?
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Self actualization.
Boom, straight to the top, fuck you Maslow.
How does that work if I've still got a dead-end job though?
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$2 now costs $1
Congrats, everything has doubled in price overnight.
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if inflation were 0% for a few decades
"You obviously know nothing of how the real world works."
Was going to type a whole bullshit essay with random made up stats and facts to make your idle question look malicious and uninformed, but I just cant be arsed. Can we just pretend I was a cunt for mild chuckles?
Bullshit essays for a joke are one of the few legit use cases for LLMs imo
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How is this hypothetical child being raised? Are we talking Capri sun here or Tropicana. Do they get an iPad?
Ipad is 2 dollars.
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Henceforth, $1 shall cost $1. Inflation solved.
Does this one need a sarcasm tag? I don't like using em but this joke is going to start zero fun conversations
A dollar always costs one dollar. What changes is the price of goods.
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A dollar always costs one dollar. What changes is the price of goods.
Don't make me tap the sign
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Thanks for the response. You gave me a lot to think about, so I opened the Wikipedia article on fiat money. The part on history was pretty cool:
Indeed very interesting. Honestly, it still seems that the reason for inflation is “not backed by real good and something else we don’t quite understand”, in particular considering the examples of bills of credit in North America
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Don't make me tap the sign
wrote last edited by [email protected]Tapping the sign now costs $1.
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Indeed very interesting. Honestly, it still seems that the reason for inflation is “not backed by real good and something else we don’t quite understand”, in particular considering the examples of bills of credit in North America
Agreed. Someone else in this thread suggested that population growth was a factor. That was an interesting take. All things being equal, I would have assumed population growth would affect the magnitude of inflation, but not its direction. I think you're right that there's definitely some unknowns. I'm not sure I want an advanced degree in economics, but that's what it might take to understand more.
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You want to sell an apple for 3€. That is 6 × 50 ct. For every 50 ct you ask in price you have to pay 1€. Therefore if you ask a price of 3€ for an apple you have to pay 6 × 1€ = 6€.
Thanks! I get it now.
"Retailers hate this one weird trick!" [YouTube face]
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Tapping the sign now costs $1.
At least the sign only cost a dollar though.
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1$ footlongs.
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Time preferences would be lengthened due to lower interest rates. People would save instead of taking on more debt. It would be harder to get a loan, but your real interest rate would be lower.
Instead of deliberately encouraging consumption, everyone would buy less stuff. This would be terrible for "the economy" (rich people) but great for people who live in the environment.
That makes sense. It sounds like the closer to zero it gets the better. I know deflation is problematic. I wonder how close to zero is achievable. We've seen stable inflatuon of about three percent, plus or minus two for a few years in the past. I wonder if it's possible to achieve two percent, plus or minus one without going under zero.
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How does that work if I've still got a dead-end job though?
Smile more
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Tapping the sign now costs $1.
Still worth it
