this post was submitted on 24 Dec 2023
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[–] [email protected] 2 points 10 months ago
[–] [email protected] 2 points 10 months ago

that's what it's efficient at!

Aliens.

[–] [email protected] 1 points 10 months ago

They go up in communist countries too but with the added benefit of shortages and rationing to keep prices relatively in check.

And small inflation is not bad. As long as it is stable and predictable, it does not matter much since people know roughly what price to expect. Theoretically it should be the same for deflation but workers tend to not also accept lower wages when prices drop. It also leads to banks not lending out so you can really only start a business or buy something big if you already have the money. While that is easy enough for people who are rich, it limits social mobility of those who would have to borrow to do the same since finding a lender is more difficult.

[–] [email protected] 1 points 10 months ago

Because regulations

The idiot right

[–] [email protected] 1 points 10 months ago

Because unregulated capitalism gets wiley the more rope you let out.

[–] [email protected] 1 points 10 months ago (1 children)

Cause they found the exploit bug, and the admin is afk

[–] [email protected] 1 points 10 months ago

Sorry, the "free market" option doesn't support admins. To enable admins you need to run "sudo society --revolution --force && sudo society --economy=planned --rule=democracy && shutdown -r now"

[–] [email protected] 1 points 10 months ago

It's built in. Have you not been paying attention?

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago) (1 children)

Look up inflation perhaps and read some Thomas Sowell. Or any other respectable free market economist really, I just suggest Thomas because he writes in an easy to understand way.

[–] [email protected] -1 points 10 months ago

form an argument

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago)

It's weird that some people completely understand the following concept: if you don't understand something, it doesn't mean it's bad. But at the same time are unable to apply this concept to economics.

If you're a left-leaning person (in economic politics) and have an open mind, I suggest https://www.amazon.com/Basic-Economics-Thomas-Sowell/dp/0465060730 -- but I'm sure there are other respectable economics who have written easy to understand distillations of the basic theories. I mean actually reading Marx & Engels will give you many of these theories as well, even if a few centuries out-of-date and without the current knowledge on how applying some of their own theories went (= incredibly badly).

[–] [email protected] 1 points 10 months ago

Because the market isn’t free and capitalism has broken down. Competition, a key part of free market operations, was massively reduced when the governments of the world forcibly shut down millions of businesses a couple years ago.

[–] [email protected] -2 points 10 months ago (2 children)

Isn't inflation good for consumers? Deflation means what you already have becomes more valuable -- so the rich would gain a significant boost to their finances since they already have so much. Inflation though would mean they lose a significant amount, and it becomes easier for the working class to break into the rich people bubble.

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